Brewing Savings: Domestic Coffee Prices Perk Up with a Steep Drop
Coffee Prices Today: Market Trends and Updates
As of September 9, coffee prices range from 117,800 to 118,900 VND/kg, with a notable decrease of 3,200 VND/kg compared to last week.
Regional Coffee Prices in Vietnam
In Di Linh, Lam Ha, and Bao Loc districts (Lam Dong), the current coffee price is 117,800 VND/kg. Meanwhile, in Dak Lak, the coffee price stands at 118,500 VND/kg.
In Dak Nong province, the coffee price is 118,900 VND/kg in Gia Nghia and 118,800 VND/kg in Dak R’lap. Gia Lai province reports a coffee price of 118,500 VND/kg in Chu Prong, while Kon Tum province’s coffee price is 118,500 VND/kg.
Global Coffee Market Trends
Vietnam’s coffee export volume in August decreased by 14.10% compared to the previous year, reaching only 1,216,667 bags. As of the first 11 months of the 2023/2024 crop year, coffee exports decreased by 12.71%, with a total of 23,441,199 bags.
The decline reflects low production and a shortage of robusta coffee from Vietnam. Coffee prices on the London market have increased, reflecting this shortage.
Coffee Revenue and Export Updates
Coffee revenue in the first eight months of the year increased by 34.80% year-on-year, reaching about 4 billion USD.
London Coffee Market Prices
At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery decreased by 141 USD/ton, at 4,770 USD/ton, and for November 2024 delivery decreased by 129 USD/ton, at 4,555 USD/ton.
Arabica coffee price for September 2024 delivery decreased by 8.20 cents/lb, at 236.00 cents/lb, and for December 2024 delivery decreased by 8.10 cents/lb, at 234.55 cents/lb.
Global Coffee Export Trends
According to the International Coffee Organization (ICO), global coffee exports in July increased by 12.2% compared to last year, reaching 11.29 million bags. From October to July, global coffee exports increased by 10.5% compared to the same period last year, reaching 115.01 million bags.
Arabica coffee prices have fallen to a two-week low following recent rains in Brazil. While coffee prices remain high, uncertainty over low inventories makes prices vulnerable to weather fluctuations.