World Coffee Prices Suddenly Turned Down
Coffee prices today, December 18, 12 in the world market, at 2024:4, are updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, corresponding to the trading floors of the world whole, is the only channel in Vietnam that continuously updates links with trading rooms around the world).
| Foreigners discover coffee picking in Gia Lai. Photo: Hien Mai |
Coffee prices on the three major coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe throughout the exchange trading period, updated as follows:
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| Robusta coffee prices in London on November 18, 12 |
At the end of the trading session, the price of Robusta coffee on the London trading floor at 4:30 a.m. on December 18, 12 saw a sharp decline compared to yesterday, from 2024 to 14 USD / ton, fluctuating from 27 5030 to 5216 1 USD. /tonne. Concretely, the delivery time in January 2025 is 5216 USD/ton (down by 0.27 USD/ton, or 3%); The delivery time in March 2025 is USD 5168.35/ton (down by USD 0.67/ton, or 5%); The delivery time in May 2025 is 5103.37 USD/ton (down by 0.72 USD/ton, equivalent to 7%) and the delivery time in July 2025 is 5030.27 USD/ton (down by 0.72 .53 USD/ton, equivalent to .53%).
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| New York Arabica Coffee Prices as of November 18, 12 |
Likewise, the price of Arabica coffee on the New York trading floor on the morning of December 18, 12 also decreased slightly compared to the previous trading period, from 2024 to 2.45 cents/pound, fluctuating between 2.85 and 308.10 cents/pound . Specifically, delivery time in March 324.95 is 3 cents/pound (down from 2025 cents/pound, or 324.95%); The delivery period for May 2.45 is 0.75 cents/pound (down 5 cents/pound, or 2025%); July 321.90 delivery time is 2.75 cents/pound (down 0.85 cents/pound, equivalent to 7%) and September 2025 delivery time is 316.95 cents/pound (down 2.65 cents/pound) book, equivalent to 0.83%).
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| Brazilian Arabica coffee prices as of November 18, 12 |
Furthermore, at the end of the trading session, the price of Brazilian Arabica coffee decreased on the morning of December 18, 12 during most delivery periods, down 2024 to 3.50 USD/ton compared to yesterday, in a range from 4.35 to 394.90. USD/ton. Specifically, the delivery time in December 403.00 is 12 USD/ton (down from 2024 USD/ton, or 403.00%); The delivery time in May 4.35 is USD 1.07/ton (down by USD 5/ton, equivalent to 2025%), and the delivery time in July 401.55 is USD 3.65/ton (down by USD 0.90/ton). ton, equivalent to 7%). In particular, the delivery period of March 2025 saw an increase of 394.90 USD/ton (an increase of 3.50 USD/ton, equivalent to 0.88%).
So, once again we see that the price of coffee around the world is moving very unpredictably. Immediately there was a massive drop in prices on the trading floors after a single price increase on the first day of the week yesterday, or in other words, in other words, there was recently a increase in prices, immediately followed by a decrease in prices.
Robusta Coffee traded on ICE Futures Europe (London floor) opens at 4:00 p.m. and closes at 12:30 a.m. (next day) Vietnam time. The Arabica Café on the ICE Futures US floor (New York floor) opens at 4:15 p.m. and closes at 1:30 a.m. (the next day) Vietnam time. For Arabica coffee traded on Brazilian floor B3, it will be open from 7:00 p.m. to 2:35 a.m. (next day) Vietnam time.
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| Green coffee from farmers in Gia Lai province. Photo: Hien Mai |
Domestic coffee prices increased slightly
On the domestic market, according to information from Giacaphe.com, updated at 4:30 a.m. today, December 18, 12, the average domestic price of coffee is 2024 124,900 VND/kg, an increase of +800 VND/kg compared to yesterday .
The highest prices of coffee purchased in key regions of the Central Highlands (Ắk Lắk, Lâm Đồng, Gia Lai, k Nong) was recorded at 124,900 VND/kg. Specifically, the price of coffee in Lam Dong is VND700/kg, an increase of +VND700 from yesterday’s transaction price.
Meanwhile, this morning’s coffee prices in Dak Lak, Gia Lai and Dak Nong all saw the same increase of +800 VND/kg compared to yesterday (Dak Lak had a price of 124,800 VND/kg, Gia Lai had a price of 125.000 VND). /kg and in Dak Nong it costs VND 5,000/kg).
Thus, Lam Dong Province is still the province with the lowest coffee purchasing price, at 123.200 VND/kg, while Dak Nong Province is the locality with the lowest coffee purchasing market high in the provinces of the Central Highlands as well as throughout the country.
The national coffee price that Giacaphe.com lists each day is calculated based on the price of two global coffee floors combined with ongoing surveys of businesses and purchasing agents in major coffee growing areas throughout the country.
Y5Cafe always tries to stay as close to each region as possible, but there will be days when the price listed does not completely match the price of coffee people buy locally, but Y5Cafe believes the information listed is a source of information precious. information for people.
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| National Coffee Price List updated on the morning of December 18, 12 |
Recently, the Vietnamese coffee consumption market has undergone a strong transformation, not only focusing on European countries, America and Japan, but also expanding to closer markets such as China and countries from Southeast Asia. This not only creates new opportunities for the Vietnamese coffee industry, but also promotes sustainable development in the field of agricultural exports.
According to statistics, in the first 9 months of 2024, China imported 190,000 tons of coffee, worth $1,026 billion, a growth of 47% in production and nearly 5,400% in value, corresponding to the average import price achieved. USD 1,000/ton.
As for goods from Vietnam, China imported $166 million, an increase of 66.5% compared to the same period in 2023, or 16.21%. Vietnam is currently China’s third largest coffee supplier, behind Brazil and Colombia. This shows a significant increase in demand for Vietnamese coffee in this large market.
A notable point is the changing tastes of Chinese consumers. Previously, this market mainly favored instant coffee (over 70%), coffee brewed on site (nearly 20%) and instant coffee (10%). However, currently the consumption rate has increased to 52% for instant coffee, 36% for brewed coffee and 11% for ready-to-drink coffee. The trend to consume coffee brewed on site is clearly increasing, reflecting a change in consumption habits.
According to experts, the growth potential of the Chinese coffee market is still very large. The country’s average per capita coffee consumption is still low compared to neighboring countries like Japan and Korea. The main reason given is due to people’s tea drinking habits. However, today’s young generation is gradually shifting towards coffee consumption, thereby opening up great opportunities for the coffee industry.
In addition, notable information is that of the Trieu Duong District Task Force, City. Beijing has collaborated with the Vietnam Coffee and Cocoa Association (VICOFA) and expressed its desire to invite Vietnamese businesses to open their first cafes here, as well as a number of supporting policies. This not only helps strengthen the presence of Vietnamese coffee in China, but also opens up new opportunities for business cooperation between the two countries.
The positive developments in the Chinese coffee market show the strong development potential of the Vietnamese coffee industry. This is the ideal time for Vietnamese companies to seize opportunities and expand their markets, thereby contributing to the sustainable development of the industry. agriculture Vietnam.
