As of 11:30 a.m. today (October 13), the domestic coffee market continued to decline, with 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 was 113,600 VND/kg.
Similar to Gia Lai, coffee in Dak Lak province was purchased at 113,600 VND/kg, down 400 VND/kg.
Meanwhile, in Lam Dong province, coffee prices decreased by 300 VND/kg, currently at 113,000 VND/kg. This is the province with the lowest coffee purchasing price in the country.
Coffee in Dak Nong province was purchased at a high price of 113,700 VND/kg, down 400 VND/kg compared to the closing price of yesterday's trading session (October 12).
For the world 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, while the price for January 2025 delivery remained unchanged at 4,684 USD/ton.
Arabica coffee futures prices for December 2024 delivery and March 2025 delivery remained unchanged compared to yesterday's closing price, at 252.05 cents/lb and 250.75 cents/lb, respectively.
The end of the weekend session saw red covering domestic and international coffee prices. The reason is believed to be the weak Brazilian real. The real fell to its lowest level in a month on Friday trading day.
However, most analysts believe that low coffee inventories are still the main cause, limiting the decline in coffee prices.
In Vietnam, the new harvest has started with mild levels, although there is still heavy rain in some places in the main growing area of the Central Highlands.
Thus, coffee prices will continue to remain high due to inventory and adverse weather conditions in the two largest coffee growing countries, Brazil and Vietnam.
