Coffee price today October 5, 2024: Sharp decrease of up to 2,500 VND/kg
Today's domestic coffee price, October 5, is at 113,800 - 114,700 VND/kg, coffee prices continue to decrease sharply from 1,000 to 2,500 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 113,800 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 114,700 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 114,600 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 114,500 VND/kg in Gia Nghia and 114,400 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 114,500 VND/kg (Chu Prong), in Pleiku and La Grai the price is 114,400 VND/kg.
Today's coffee price in Kon Tum province is purchased at 114,500 VND/kg.
| Province/district (survey area) | Average (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 114,700 | -2,500 |
| Lam Dong | 113,800 | -2,500 |
| Kon Tum | 114,500 | -1,700 |
| Gia Lai | 114,500 | -1,700 |
| Dak Nong | 114,500 | -1,800 |
In March 2024, a majority of EU member states proposed to reduce or suspend the application of the EUDR regulation, amid concerns that the law could hurt EU farmers by preventing them from exporting products from deforested land. This year, the EU reduced some environmental protections to ease farmers’ protests over environmental policies and cheap imports, which have drawn criticism from environmental activists.
The EUDR requires companies importing certain products such as soy, beef, and coffee to prove that their supply chains are deforestation-free or face hefty fines. Companies are required to create digital maps of their supply chains, including identifying the origins of ingredients from small, remote farms. Some argue that this is too complex given that global supply chains involve millions of farms and many intermediaries whose data is difficult to verify.
Eurocommerce, which represents the European retail industry, has thanked the EC for listening to its concerns about compliance and the risk of disruption to supply chains. Brussels believes the EUDR is needed to stop deforestation, which is one of the main causes of climate change, second only to the burning of fossil fuels.
World coffee prices today
At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery increased by 33 USD/ton, at 4,954 USD/ton, and for January 2025 delivery increased by 38 USD/ton, at 4,758 USD/ton.
Arabica coffee price for December 2024 delivery increased by 0.20 cent/lb, at 252.25 cent/lb, and for March 2025 delivery increased by 0.35 cent/lb, at 250.85 cent/lb.
Logistical difficulties in the US have affected coffee prices on the market. A dock workers’ strike has caused hundreds of containers of coffee to back up in warehouses, potentially increasing consumer prices.
High interest rates have discouraged US importers from stockpiling large quantities of goods, leading to record low inventories. Strikes could make matters worse, according to comunicaffe. The London market's decline could be due to the strong performance of the previous season.
Container shortages have helped support coffee prices, especially in Uganda, Rwanda and Kenya during the export season. Port congestion in Djibouti and Ethiopia, along with storms in Asia, has caused delays and container shortages, affecting freight shipments.