Domestic coffee prices were updated at 4:30 a.m. on August 15, 2024 as follows, according to www.giacaphe.com, domestic coffee prices dropped sharply by VND 2,200/kg compared to yesterday, ranging from VND 116,600-117,300/kg. Currently, the average purchase price in the Central Highlands provinces is VND 117,000/kg, the highest purchase price in Dak Lak and Dak Nong provinces is VND 117,300/kg.

Coffee price today August 15, 2024: Domestic price drops sharply, losing more than 2,000 VND/kg

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 117,100 VND, in Pleiku and La Grai the same price is 117,000 VND/kg; in Kon Tum province, coffee is purchased at 117,100 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 117,300 VND/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 116,600 VND/kg.

Coffee price today, August 15, in Dak Lak province was purchased at about 117,300 VND/kg; in Cu M'gar district, coffee was purchased at about 117,200 VND/kg, and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 117,200 VND/kg.

In Dak Lak, currently about 90% of the coffee area and output are produced by farming households, however the scale and area are small and fragmented, so the transfer of technology is still difficult. Coffee production by people is still based on traditional and spontaneous experiences, the application of coffee replanting techniques is still limited, some coffee replanting areas are not effective.

Therefore, the province has set the goal of developing coffee to create high added value and sustainable development, towards green growth; focusing on models and solutions to minimize factors affecting the environment, while improving the quality of coffee. Along with that is building a growing area code, having a certificate of origin, developing the market associated with building a brand for convenient consumption, bringing high value to the market.

Coffee price list today August 15, 2024

World coffee prices at 4:30 a.m. on August 15, 2024 were updated on the MXV Vietnam Commodity Exchange trading floor.

Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are updated by www.giacaphe.com as follows:

Coffee price today August 154, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

At the end of the trading session, the price of Robusta coffee on the London floor on August 15, 2024 at 4:30 a.m. increased to 3,983 - 4,472 USD/ton. Specifically, the delivery period for September 2024 is 4,472 USD/ton (up 97 USD/ton); the delivery period for November 2024 is 4,292 USD/ton, up 105 USD/ton); the delivery period for January 2025 is 4,131 USD/ton (up 106 USD/ton) and the delivery period for March 2025 is 3,983 USD/ton (up 101 USD/ton).

Coffee price today August 15, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com

Arabica coffee prices on the New York floor on the morning of August 15, 2024 increased from 230.00 - 237.00 ent/lb. Specifically, the September 2024 delivery period is 237.00 cents/lb (up 1.85%); the December 2024 delivery period is 234.65 cents/lb (up 2.44%); the March 2025 delivery period is 232.15 cents/lb (up 2.59%) and the May 2025 delivery period is 230.00 cents/lb, up 2.59%.

Coffee price today August 15, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

The price of Brazilian Arabica coffee increased sharply on the morning of August 15, 2024. Specifically, the delivery period for September 2024 was 296.05 USD/ton, up 0.12%; the delivery period for December 2024 was 288.20 USD/ton, up 0.20%; the delivery period for March 2025 was 284.05 USD/ton, up 2.80% and the delivery period for May 2025 was 280.05 USD/ton (up 2.81%).

Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.

For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 – 02:35 (next day), Vietnam time.

The Brazilian Coffee Exporters Association, Cecafé, also reported that total green coffee exports in the first seven months of 2024 increased by 51.88% year-on-year to 25.83 million bags. Of these, 20.65 million bags were Arabica coffee, up 31.08%, and 5.18 million bags of Robusta Conilon coffee, up 313.7%, year-on-year.

According to the International Coffee Organization (ICO), global coffee exports in June increased by 3.8% compared to the same period last year to nearly 10.8 million bags. In the first 9 months of the current crop year (October last year to June this year), global coffee exports increased by 10.1% compared to the same period last year to 103.5 million bags.

Green coffee alone accounts for more than 90% of total global coffee exports, with volumes reaching 9.8 million bags in June and a total of 93.8 million bags after the first nine months of the 2023-2024 crop year, up 3.8% and 10.7% respectively over the same period last crop year.

Of which, green Arabica Brazilian coffee exports in the first 9 months of the crop year reached 32.1 million bags, up 24.5% over the same period in the 2022-2023 crop year. This was mainly due to strong increases in exports from Brazil and Ethiopia, the two main producing countries of this coffee group.

Colombian Arabica coffee exports have also increased by 12.1% since the beginning of the crop year to reach more than 9.1 million bags. Favorable weather conditions have helped coffee production in Colombia, the main producer and exporter of this coffee group, recover positively and boost exports.

In addition, exports of Other Arabica coffee increased slightly by 0.7% in the first nine months of 2023-24, reaching 16.7 million bags. This modest growth is explained by the narrowing of the price gap between Other Arabica and Colombian Arabica to 1.1 US cents/lb compared to an average of 14.6 US cents/lb from 2020-21 to 2022-23.

Information for reference only. Prices may vary depending on time and location.