Coffee price today 10/9/2024: Continue to fall

Thanh Bình |

Coffee price today 10/9/2024: Domestic and world coffee prices are decreasing in the same direction.

According to the Vietnam Commodity Exchange (MXV), in the industrial raw materials market, many commodity prices have turned to weaken, especially coffee prices.

As of 11:30 a.m. today (October 9), the domestic coffee market continued to decline, down an average of 100-200 VND/kg to around 112,800 - 113,500 VND/kg, the average purchase price in the Central Highlands provinces was 113,400 VND/kg.

Similar to Gia Lai, coffee in Dak Lak province was purchased at 113,400 VND/kg.

Meanwhile, in Dak Nong province, coffee prices decreased by VND100/kg compared to yesterday, currently at VND113,500/kg.

Coffee in Lam Dong province was purchased at the lowest price of 112,800 VND/kg, down 200 VND/kg compared to the closing price of yesterday's trading session (October 8).

Thi truong ca phe trong nuoc tiep tuc su xuat hien cua sac do. Nguon: Giacaphe.com.
The domestic coffee market continues to see red. Source: Giacaphe.com.

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 10 USD/ton, at 4,856 USD/ton, and the price of January 2025 delivery increased by 24 USD/ton, at 4,684 USD/ton.

Gia ca phe Robusta London cap nhat luc 11.30 hom nay (9.10). Nguon: Giacaphe.com.

Arabica coffee futures for December 2024 delivery increased by 3.55 cents/lb, to 248.20 cents/lb, and futures for March 2025 delivery increased by 3.6 cents/lb, to 246.95 cents/lb.

Gia ca phe Arabica New York cap nhat luc 11.30 hom nay (9.10). Nguon: Giacaphe.com.
New York Arabica coffee prices updated at 11:30 today (October 9). Source: Giacaphe.com.

Expectations of rain in Brazil's main coffee growing region combined with strong export figures in September have put pressure on prices.

Brazil’s weather agency and LESG both said that rains will spread from the south to the southeast, Brazil’s main coffee-growing region, starting this week. Up to 50mm of rain could fall in 10 days, and temperatures are also expected to cool. The change in weather could create more favorable conditions for coffee plants to grow and recover from a prolonged dry period.

The coffee market in recent months has witnessed complex and unpredictable fluctuations, reflecting the multi-dimensional impact of domestic and international factors. Coffee prices are constantly changing, causing coffee growers and businesses to face many challenges.

Thanh Bình
TIN LIÊN QUAN

Close-up of an abandoned dormitory about to be converted into public housing in Ninh Binh

|

Ninh Binh - After the merger, to avoid waste, the concentrated student dormitory in Ninh Binh was converted into a public housing area to serve cadres, civil servants...

Football prediction PSG vs Chelsea in the FIFA Club World Cup 2025 final

|

In Sports Perspective No. 223, commentator Quang Tung commented on the FIFA Club World Cup final between PSG and Chelsea.

Shocking statement about Germany's ability to make nuclear weapons

|

Germany has enough capacity and materials to develop nuclear weapons in just a few months if it wants to.

A plane carrying 300 people urgently landed on a strange island, stranded in the middle of the ocean

|

The US plane carrying nearly 300 people made an emergency landing in the middle of the ocean, stranded for more than 31 hours on a strange island.

Today's Agricultural Prices 3.10: Coffee prices drop sharply by 4,500 VND/kg

PHAN TUẤN |

Today's Agricultural Prices 3.10: At the giacaphe.com trading floor, the average coffee price is at 116,600 VND/kg, down 4,500 VND/kg compared to the previous day.

Today's Agricultural Prices 2.10: Coffee prices continue to decrease slightly

PHAN TUẤN |

Today's Agricultural Prices 2.10: At the giacaphe.com trading floor, the average coffee price is at 121,100 VND/kg, down 400 VND/kg compared to the previous day.

Today's Agricultural Prices 9/21: Coffee prices down 2,100 VND/kg

BẢO LÂM |

Today's Agricultural Prices 9/21: At the giacaphe.com trading floor, the average coffee price is at 120,000 VND/kg, a sharp decrease of 2,100 VND/kg compared to the previous day.