As of 11:30 a.m. today (December 1), the domestic and international coffee markets have not fluctuated much compared to yesterday. Domestically, this commodity is still trading at 129,500 - 130,500 VND/kg. In summary, domestic coffee prices have increased sharply for the second consecutive week.
After a series of consecutive days of strong increases, domestic coffee prices have fallen sharply to nearly 130,000 VND/kg.
On the London and New York exchanges, the coffee market remained unchanged across all terms. The January 2025 contract fell nearly 3% (equivalent to 156 USD/ton), standing at 5,409 USD/ton. The March 2025 contract was listed at 5,377 USD/ton, down 2.73% (equivalent to 151 USD/ton).
Similarly, in the New York Arabica coffee market, the December 2024 and March 2025 delivery terms remained unchanged, listed at 318.05 cents/lb and 315.50 cents/lb, respectively.
World coffee prices had a shocking drop at the end of the week, while trading during the week continued to be green. Robusta coffee prices continuously conquered new peaks, while Arabica coffee prices reached their highest level since 1977.
Although coffee prices fell at the end of the week due to the weakening of the Brazilian Real, which caused liquidation of long positions, coffee ended the week with a surprisingly strong increase.
The main reason was unfavorable weather in the two main coffee growing countries supplying the world market, Brazil and Vietnam. The increase in coffee prices also forced some Brazilian coffee exporters to remove their hedges and buy futures contracts to cover their short positions, causing the market to push coffee prices even higher.
