During the week, the industrial raw material market recorded a mixture of green and red, especially coffee. After closing the weekend trading session, the price of this commodity fell to its lowest level in the past month.
As of 11:30 a.m. today (October 12), the domestic coffee market has turned to decrease, an average decrease of 300-400 VND/kg, ranging from 113,000 - 113,700 VND/kg, the average purchase price in the Central Highlands provinces is 113,600 VND/kg.
Similar to Gia Lai, coffee in Dak Lak province is purchased at VND113,600/kg. Meanwhile, in Dak Nong province, coffee prices are slightly higher by VND100/kg, currently at VND113,700/kg.
Coffee in Lam Dong province was purchased at the lowest price of 113,000 VND/kg, down 300 VND/kg compared to the closing price of yesterday's trading session (October 11).
Red also appeared in the world coffee market. At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery decreased by 86 USD/ton, at 4,828 USD/ton, and for January 2025 delivery decreased by 64 USD/ton, at 4,678 USD/ton.
Arabica coffee futures for December 2024 delivery and March 2025 delivery both decreased by 2.70 cents/lb, to 252.05 cents/lb and 250.75 cents/lb, respectively.
During the trading week, Robusta coffee futures for November 2024 had 2 sessions of increase with a total of only 58 USD. Meanwhile, Robusta had 3 sessions of decrease, totaling 299 USD. As a result, the market decreased by 241 USD/ton and reached the lowest level in more than 1 month.
Not only did the EU’s delay in enforcing anti-deforestation regulations affect global coffee prices, but rains have also begun to fall in some parts of Brazil, easing the drought. This has also been an important factor in cooling coffee prices on both the London and New York exchanges.
