Coffee prices on December 10, 2024: Robusta rising sharply

Coffee prices on December 10 globally

Globally, the London and New York exchanges saw mixed fluctuations on December 10.

Specifically, Robusta prices on the London exchange for January 2025 delivery surged by $ 93 (equivalent to 1.8%), reaching $ 5,246/ton. The March 2025 delivery contract also rose by $ 84 (equivalent to 1.64%), settling at $ 5,200/ton.

Meanwhile, on the New York exchange, Arabica prices for March 2025 delivery edged down slightly by 0.15 cents (equivalent to 0.05%), to 330.10 cents/lb. However, the May 2025 delivery contract saw a slight increase of 0.05 cents (equivalent to 0.02%), reaching 327.65 cents/lb.

Global coffee prices are surging on the London exchange due to supply concerns in Vietnam.

Data from the General Statistics Office of Vietnam indicates that Vietnam's coffee exports in November dropped by 49.1% compared to the same period last year, falling to only 60,000 tons. Total accumulated exports over 11 months decreased by 14.3%, reaching 1.2 million tons.

Recent heavy rains in Vietnam have caused flooding in coffee fields, delaying the harvest progress for the 2024/25 crop.

Meanwhile, Robusta inventories monitored by ICE fell to their lowest level in 7.5 months, reaching 3,674 lots as of last Friday.

On the New York exchange, prices exhibited slight fluctuations. Higher Arabica stocks (reaching their highest level in over two years at 905,831 bags) and increased exports from Brazil are considered factors contributing to the stabilization of March Arabica futures prices after reaching record highs last week.

Thus, global coffee prices on December 10, 2024, are experiencing mixed trends compared to the previous day.

Coffee prices on December 10 domestically

Domestically, coffee prices remain stable compared to the previous day.

Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha all trade at VND 123,000/kg.

In Dak Lak province, Cu M'gar district is purchasing at VND 124,000/kg, while Ea H'leo and Buon Ho districts are trading at VND 123,900/kg.

In Dak Nong province, traders in Gia Nghia and Dak R'lap are transacting at VND 124,000 and VND 123,900/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 124,000/kg, while Pleiku and La Grai are maintaining prices at VND 123,900/kg.

Meanwhile, coffee purchases in Kon Tum province are currently at VND 124,000/kg.

Thus, domestic coffee prices on December 10, 2024, are trading around VND 123,000 - 124,000/kg.

$ 1 = VND 25.140 - Source: Vietcombank.