Coffee price today October 3, 2024: Cooling down, slightly down 400 VND/kg
Today's domestic coffee price, October 3, is at 120,700 - 121,700 VND/kg, a slight decrease of 400 VND/kg in localities compared to yesterday.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 120,800 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 121,700 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho district (Dak Lak), the coffee price today is purchased at the same level of 121,600 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 120,800 VND/kg in Gia Nghia and 120,700 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 120,700 VND/kg (Chu Prong), in Pleiku and La Grai the price is 120,600 VND/kg.
Today's coffee price in Kon Tum province is purchased at 120,700 VND/kg.
| Province/district (survey area) | Average (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 121,700 | -400 |
| Lam Dong | 120,800 | -300 |
| Gia Lai | 120,700 | -300 |
| Dak Nong | 120,800 | -400 |
About half of the coffee area in Dak Nong is planted with vegetative varieties, resulting in low productivity and quality. Current coffee production is not really sustainable and does not take full advantage of the province's soil and climate.
To date, nearly 30,000 hectares of coffee have been replanted in Dak Nong province, increasing productivity by 0.5 to 1.5 tons/hectare compared to before. Training courses and seminars have been organized to guide farmers on how to replant and improve coffee. People have proactively replanted coffee, creating coffee gardens with high productivity and quality.
Farmers apply new coffee production models, combining intercropping with high-value crops such as fruit trees, pepper, macadamia..., adapting to climate change, bringing high economic efficiency. In addition, to improve coffee productivity and quality, farmers need to replace old coffee trees with new high-quality varieties that are resistant to rust such as TR4, TR9, TR11, TRS1...
World coffee prices today
At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery decreased by 265 USD/ton, at 5,180 USD/ton, and for January 2025 delivery decreased by 256 USD/ton, at 4,923 USD/ton.
Arabica coffee price for December 2024 delivery decreased by 4.30 cents/lb, at 229.85 cents/lb, and for March 2025 delivery decreased by 4.20 cents/lb, at 257.95 cents/lb.
Every year, in the third quarter, people in the Central Highlands begin harvesting coffee. Some growers have started harvesting early, but the overall situation is not very optimistic with the domestic market quiet before the new 2024/25 crop.
Coffee prices are expected to fall in October as Vietnam begins harvesting due to increased supply. Drought has reduced the size of coffee cherries, leading to an expected 10% to 15% reduction in production. Domestically, drought has also reduced coffee yields, but high coffee prices have helped growers earn better incomes than last year.
Forecasts suggest a fourth consecutive global coffee deficit, driven by lower production in Vietnam and Brazil, but prices will remain supported by fundamentals in the coming months. Both countries have been hit by poor weather, with prolonged heatwaves affecting the flowering and fruiting stages of coffee plants.