World coffee prices increase and decrease unpredictably
Robusta coffee prices on the London trading floor, updated at 3:30 p.m. on December 19, 12, fell sharply for the second consecutive session, from 2024 to 2 USD/ton, fluctuating between 18 65 and 5005 5151 USD/ton. Specifically, the delivery time in January 1 is 2025 5151 USD/ton (down from 65 USD/ton); The delivery time in March 3 is 2025 5139 USD/ton (down 29 USD/ton); The delivery time in May 5 is 2025.5085 USD/ton (down by 18 USD/ton), and the delivery time in July 7 is 2025.5005 USD/ton (down by 25 USD/ton).
| The people of Lam Dong harvest the main coffee. Photo: Van Long |
Unlike Robusta coffee prices, Arabica coffee prices in the New York market increased sharply after yesterday’s price drop, from 3.30 to 7.70 cents/pound, fluctuating between 311.40 and 332.65 cents/pound. Specifically, delivery time on March 3 is 2025 cents/lb (up from 332.65 cents/lb); Delivery period for May 7.70 is 5 cents/lb (up from 2025 cents/lb); The July 327.40 delivery period is 5.50 cents/lb (up 7 cents/lb) and the September 2025 delivery period is 320.70 cents/lb (up 3.75 cents/lb).
Likewise, at the end of the trading session, the price of Brazilian Arabica coffee, updated on the afternoon of December 19, 12, also saw a sharp increase in 2024 to 0.30 USD/ton compared to yesterday , ranging from 10.45 to 399.85 USD/ton. tonne. tonne. Specifically, the delivery time in December 407.35 is 12 USD/ton (an increase of 2024 USD/ton); Delivery period for March 407.35 is USD 10.45/ton (up USD 3/ton); The delivery time in May 2025 is 419.50 USD/ton (up 0.30 USD/ton) and the delivery time in July 5 is 2025 USD/ton (up 408.85 USD/ton).
National coffee prices have not decreased significantly
Under the pressure of a sharp decline in global Robusta coffee prices, domestic coffee prices did not remain stable and fell for the second consecutive session, but the price decline was not significant, according to information from Giacaphe.com, updated Coffee prices updated to 2 Around 3:30 p.m. today, December 19, 12, the national average price of coffee is 2024 123,200 VND/kg, in decrease of -200 VND/kg compared to yesterday. via.
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| People in Gia Lai province check the quality of green coffee before selling it. Photo: Hien Mai |
Coffee prices in key areas of the Central Highlands (Ắk Lắk, Lâm Đồng, Gia Lai, k Nong) recorded the same price drop of -200 VND/kg. Specifically, the price of coffee in Dak Lak is 123,800 VND/kg; The price of coffee in Lam Dong is 123,600 VND/kg; The price of coffee in Gia Lai is 100,000 VND/kg and the price of coffee in Dak Nong is 1,000 VND/kg.
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.
Take determined Coffee prices tomorrow 20/ 12 / 2024
Experts believe that domestic coffee prices will be influenced in the coming times by the global market. At the end of the year, financial speculators gradually withdraw their liquidity from the market, causing a price adjustment in the market.
According to the current analysis, there are not many real property transactions. The nature of recent fluctuations on the coffee futures exchanges (New York and London) could be due to financial speculators taking short-term profits.
As a result, the recent increase in coffee prices is not because supply is too scarce. The reason may be that they have driven up prices and now it is time to take profits.
The harvest is currently underway, so regulatory pressure on domestic coffee prices is increasing as supply rebuilds. When market coffee prices adjust, accompanied by pressure from increased supply during the harvest period, domestic coffee prices will also decline.
Based on the downward trend of coffee prices on international stock exchanges and domestic markets, it is expected that coffee prices on December 20, 12 may continue their downward trend or remain stable at the current level.
