Coffee prices today, October 6, 2024: Turning around and rising sharply.
Today, October 6th, domestic coffee prices are at 115,500 - 116,200 VND/kg, with prices rebounding sharply by 1,500 to 1,700 VND/kg in various localities compared to yesterday.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, and Bao Loc districts (Lam Dong province), the price of coffee today is being purchased at 115,500 VND/kg.
In Cu M'gar district (Dak Lak), the price of coffee today is 116,200 VND/kg. In Ea H'leo district (Dak Lak) and Buon Ho (Dak Lak), the price of coffee today is the same at 116,100 VND/kg.
Similarly, in Dak Nong province, today's coffee prices are being purchased at 116,200 VND/kg in Gia Nghia and 116,100 VND/kg in Dak R'lap.
In Gia Lai province, today's coffee price is 116,100 VND/kg (Chu Prong), while in Pleiku and La Grai it is 116,000 VND/kg.
Meanwhile, the price of coffee today in Kon Tum province is being purchased at 116,100 VND/kg.
| Province/District (Survey Area) | Average (Unit: VND/kg) | Change compared to yesterday (Unit: VND/kg) |
| Dak Lak | 116,200 | +1,500 |
| Lam Dong | 115,500 | +1,700 |
| Kon Tum | 116,100 | +1,600 |
| Gia Lai | 116,100 | +1,600 |
| Boeing Nong | 116,200 | +1,700 |
In the first nine months of the year, Vietnam earned nearly $4.4 billion from coffee exports, a 40% jump compared to the previous year. Coffee export prices have consistently risen, with the average price in September reaching a record high of $5,469 per ton. In total, the average export price for coffee in the first nine months was $3,897 per ton, a 56% increase year-on-year.
Coffee has become the agricultural product with the most notable price increase among Vietnam's main export products. As a result, Vietnam earned nearly $4.4 billion from coffee in the first nine months, a 40% increase compared to the same period in 2023 and surpassing the total export value of the previous year.
The Ministry of Agriculture and Rural Development forecasts that revenue from coffee exports this year will exceed $5 billion and could reach $6 billion thanks to high prices.
World coffee prices today
At the close of the most recent trading session, Robusta coffee prices in London for November 2024 delivery rose by $146/ton to $5,067/ton, and for January 2025 delivery rose by $139/ton to $4,859/ton.
Arabica coffee prices for December 2024 delivery increased by 5.30 cents/lb to 257.35 cents/lb, while prices for March 2025 delivery increased by 5.15 cents/lb to 255.65 cents/lb.
Over the past week, robusta coffee prices fell sharply for three consecutive sessions, with a total decrease of $577/ton for the November 2024 contract. However, prices rose slightly in the first and last two sessions of the week, accumulating a gain of $162/ton.
In total, the coffee market fell by $415/ton over the week. The reason for the price drop is believed to be the European Union's (EU) delay in implementing new anti-deforestation regulations for another 12 months.
Nevertheless, coffee prices recovered quickly due to continued coffee supply shortages and the record-breaking drought in Brazil.
