Coffee⁢ Market Update: Prices and Trends

The global coffee market​ has experienced fluctuations in recent times. According to the Ministry of Agriculture and Rural Development, Vietnam’s coffee exports reached 1.05 million tons ⁢in the first 8 months of⁤ 2024,‌ with⁤ a turnover of 4.03 billion USD. This represents a decline‍ of 11.9% in volume but an increase of 36.1% in value compared to the same‍ period last year.

The domestic coffee market in Vietnam has remained stable, ‌with prices ranging from 121,000 to 122,100 VND/kg. The average coffee purchase ‍price in the Central Highlands provinces is currently 121,400 VND/kg, with the highest purchase‌ price recorded in Dak Nong province at⁤ 122,100⁣ VND/kg.

In⁤ Gia Lai province, the coffee purchase‌ price is 121,700 VND/kg, while​ in Pleiku and Ia Grai, the price is 121,600⁤ VND/kg. Kon Tum province has a coffee purchase ‌price of 121,700⁢ VND/kg, and Dak Nong province has the highest purchase price ⁢of 122,100​ VND/kg.

In Lam Dong province, the price of green ⁣coffee beans is 121,000 VND/kg in districts such as Bao Loc, Di Linh, and Lam Ha. Dak Lak ⁣province‌ has a coffee purchase price of 121,900 VND/kg in Cu M’gar district and 121,800 VND/kg in Ea H’leo district and Buon‌ Ho town.

Global Coffee Prices

On the⁢ London exchange, the Robusta coffee futures‍ contract ⁢price for September 2024 delivery is at 4,765 USD/ton, up 65 USD compared to the beginning of the trading session. The November 2024 delivery term is 4,567 USD/ton, up 78 USD, while the January 2025 delivery term is 4,391 USD/ton, up 82 USD, and the March 2025 delivery term is 4,279 USD/ton, up 82 USD.

Arabica coffee ‌prices on the New York ⁣floor⁤ have decreased in all‍ terms, fluctuating at 236.05-242.65 cents/lb. The December 2024 delivery period is 242.65 cents/lb, down 1.40 ⁣cents/lb compared to the beginning of the‌ session. The March 2025 delivery period is 240.70 cents/lb, down 1.40 cents/lb, ‍while the May 2025 delivery period is 238.70 cents/lb, down 1.15 cents/lb, and the July 2025 delivery period is ​236.05 cents/lb, down 0.95 cents/lb.

Brazilian ​Arabica coffee prices have ⁢increased,⁢ with the September 2024 ⁣delivery period at 298.60 USD/60kg bag, the December 2024 delivery period ‌at 294.50 USD/bag, ⁣up 0.68%, the March 2025 delivery period at 293.15 USD/bag, up 0.88%, and ​the May 2025 delivery period at 293.05 USD/bag.

Market Trends

The US dollar has remained near a ‍two-week high, with investors focusing on‍ the US jobs report due later⁢ this week. This has pushed coffee prices lower at the start of the ⁤week. However, news of extreme drought in Brazil ‌and early⁤ flowering of coffee beans⁤ has raised ‍concerns about the country’s next⁣ crop, which could be‍ a factor in pulling​ the market higher when New York returns to trading.