Coffee prices today December 26, 2024: Coffee exports in November are the lowest in the same period in more than 15 years
Coffee prices today December 26, 2024: Domestic coffee prices are still mostly stable in the range of 120,200 - 121,000 VND/kg. Coffee exports in November were the lowest in the same period in more than 15 years.
Update domestic coffee prices
Recorded today, domestic coffee prices remained unchanged compared to yesterday's trading levels, fluctuating between 120,200 - 121,000 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 120,800 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands, with a difference of about 600 VND/kg compared to the average price. Compared to the closing price of last weekend, the coffee price in this region remained unchanged at 120,200 VND/kg.
In the same afternoon, Dak Lak province today announced that the coffee purchase price fluctuated around 120,700 VND/kg, with a tendency to remain unchanged compared to the same time yesterday.
Notably, only Gia Lai province had a price reversal today, down slightly by 100 VND/kg, listed at 120,600 VND/kg.
The price of coffee brought to the market in Dak Nong province has not changed much, remaining stable at 121,000 VND/kg.
| Market | Medium | Change from yesterdaybefore |
| Dak Lak | 120,700 | - |
| Lam Dong | 120,200 | - |
| Gia Lai | 120,600 | -100 |
| Dak Nong | 121,000 | - |
| USD/VND exchange rate | 25,193 | - |
According to the General Department of Customs, Vietnam's coffee exports in November reached only 63,019 tons, with a turnover of 351.7 million USD. This is a sharp decrease of 47% in volume and 1.3% in turnover compared to the same period last year, and is also the lowest export volume in November since before 2009.
The main reasons for this decline are low inventories, the new harvest being affected by adverse weather, and difficulties in export orders. Mr. Nguyen Nam Hai, Chairman of the Vietnam Coffee and Cocoa Association (VICOFA), forecasts that the current coffee crop will decrease by about 5%, making the market even more challenging.
In addition, export enterprises are also facing great pressure from finding orders. Mr. Hai said: “Enterprises with high rates of late delivery last year are being rejected by customers. Orders from some large export enterprises this year are only 50% of last year.”
Update world coffee prices
On the London exchange, the online price of robusta coffee for March 2025 delivery increased slightly by 0.66% (33 USD/ton) to 5,041 USD/ton. The contract for May 2025 delivery increased by 0.36% (18 USD/ton) to 4,953 USD/ton.
On the New York Stock Exchange, the price of Arabica coffee futures for March 2025 delivery also increased slightly by 0.41% (1.35 US cents/pound), to 328.6 US cents/pound; the futures contract for May 2025 delivery increased by 0.47% (1.5 US cents/pound), to 323.35 US cents/pound.
In 2024, the price of Arabica coffee – the preferred bean in premium coffees – increased by 70%, reaching its highest level in more than 40 years. This volatility not only brings opportunities for investors but also creates many great challenges for traders in the global coffee market.
The price spike has put particular financial strain on traders holding millions of bags of coffee in warehouses or in transit. Small businesses, or those with limited financial resources, face the risk of severe cash shortages as costs rise.
The main reason for this sharp increase in prices is the adverse weather conditions in major producing countries such as Brazil, Vietnam, and Guatemala, which have significantly reduced production. Meanwhile, the demand for coffee consumption in Europe and the US continues to increase, pushing prices to record levels.
Although Arabica coffee prices are expected to adjust slightly in the short term, experts say the supply-demand gap will make it difficult for prices to fall sharply in the near future.