Coffee price today December 30, 2024: Decreased for 2 consecutive weeks at the end of 2024
Today's domestic coffee price on December 30 is at 120,300 - 121,000 VND/kg, down slightly by 200 - 300 VND/kg compared to last week. Robusta has decreased for the last 2 weeks of 2024.
Domestic coffee prices today
Specifically, today's coffee price in Dak Lak decreased by 200 VND/kg compared to last week, reaching 120,800 VND/kg.
Coffee prices today in Lam Dong also decreased by 200 VND/kg compared to last week, reaching 120,300 VND/kg.
Similarly, today's coffee price in Gia Lai decreased by 200 VND/kg compared to last week, reaching 120,800 VND/kg.
Coffee prices today in Dak Nong have the highest price, down 300 VND/kg compared to last week, reaching 121,000 VND/kg.
Expert Nguyen Quang Binh said that this week, currency factors and increased standard inventories have affected coffee prices on the two exchanges. In addition, the large business performance of coffee in 2024 has caused speculators to liquidate contracts to take profits at the end of the year, which is also a factor that has reduced coffee prices in the past two weeks.
High coffee prices have motivated cooperatives, businesses and people to join together to produce coffee according to sustainable value chains. These linkage models will help optimize the production, processing and consumption of coffee, bringing long-term benefits to both growers and coffee businesses.
World coffee prices today
On the London exchange, the online price of robusta coffee for March 2025 delivery ended last week at $4,953/ton, down 1% ($49/ton) from the previous week. The May 2025 contract also fell to $4,884/ton.
On the New York Stock Exchange, the price of Arabica coffee for March 2025 delivery also decreased by 0.7% (2.35 US cents/pound) compared to the previous week, standing at 322.65 US cents/pound. The contract for May 2025 delivery decreased by 0.5% (1.7 US cents/pound), reaching 317.6 US cents/pound.
According to Dak Nong Newspaper, the 2024 coffee crop in the whole province has about 143,000 hectares, of which 131,000 hectares are harvested, with an estimated output of more than 343,000 tons. Although the output has decreased slightly in some areas due to drought, this year's coffee crop still brings great success to Dak Nong.
In 2024, coffee prices continued to increase, at times exceeding 130,000 VND/kg. The high and stable coffee prices of over 100,000 VND/kg helped people feel more secure in investing in coffee trees in a more systematic way.
