World coffee prices in the early morning of June 14, 2024, at 4:20 a.m. were updated on the Mercantile Exchange Of VietNam MXV.

Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated throughout the trading hours of the exchange as follows:

Robusta coffee price in London:

At the end of the trading session, the price of Robusta coffee on the London exchange on June 14, 2024 at 4:30 a.m. increased slightly at 3,779-4,265 USD/ton. Specifically, the delivery term in July 2024 is 4,265 USD/ton (an increase of 25 USD/ton); Delivery term in September 2024 is 4,127 USD/ton (up 41 USD/ton); Delivery term in November 2024 is 3,954 USD/ton (up 36 USD/ton) and delivery term in January 2025 is 3,779 USD/ton (up 45 USD/ton).

New York Arabica coffee price:

Similarly, the price of Arabica coffee on the New York office on the morning of June 14, 2024 increased slightly, increasing from 223.50 - 226.75 cents/lb. Specifically, the delivery term in July 2024 is 223.50 cents/lb (up 2.40%); September 2024 delivery period is 226.60 cents/lb (up 1.75%); December 2024 delivery is 225.15 cents/lb (up 1.55%) and March 2025 delivery is 223.50 cents/lb, up 1.15%).

Brazilian Arabica coffee price:

Brazilian Arabica coffee prices on the morning of June 14, 2024 increased slightly. Specifically, the delivery term in July 2024 is 281.30 USD/ton (up 5.05%); September 2024 delivery period is 280.60 USD/ton (up 4.85%); Delivery in December 2024 is 275.00 USD/ton (up 3.50%) and delivery in March 2025 is 270.00 USD/ton (up 4.05%).

Online coffee prices recovered after falling quite sharply at the beginning of the session to close at a moderate increase. The reason for the recovery is said to be due to the weather forecast updated on the same day showing a limited chance of rain in Brazil's coffee growing regions next week.

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

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

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

Domestic coffee prices were updated at 4:30 a.m. on June 14, 2024 as follows, according to www.giacaphe.com, domestic coffee prices today increased slightly in the range of 120,400-121,600 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 121,500 VND/kg, the highest purchase price in Dak Nong province is 121,600 VND/kg.

Specifically, the price of coffee purchased in Gia Lai province (Chu Prong) is 121,400 VND, in Pleiku and La Grai the same price is 121,300 VND/kg. In Kon Tum province, the price is 121,400 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 121,600 VND/kg.

Price of green coffee beans (green coffee, fresh green coffee) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at a price of 120,400 VND/kg.

Coffee price today (June 14) in Dak Lak province; In Cu M'gar district, coffee is purchased at about 121,400 VND/kg, while in Ea H'leo district, Buon Ho town is purchased at the same rate of 121,300 VND/kg.

World coffee prices today recovered after a series of days of decline. After a two-day policy meeting, the US Federal Open Market Committee (FOMC) decided to keep interest rates unchanged as expected by the market.

Before the above information, the USD cooled down, helping coffee increase again. As of the time of the survey, the DXY index measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is at 104.77.

Vietnamese coffee plays an important role in the global coffee market, especially with robusta coffee products. Vietnam is not only one of the world's largest coffee producers but also influences global coffee prices through its export output.

The market recovered after falling quite sharply at the beginning of the session to close at a moderate increase. The reason for the recovery is said to be due to the weather forecast updated on the same day showing a limited chance of rain in Brazil's coffee growing regions next week. Previously, meteorological agency Somar Meteorologia also reported that the Minas Gerais region of Brazil had no rain in the past week.

The European Central Bank and the Bank of Canada are the first major banks to cut interest rates this year, as inflation has fallen to manageable levels, with other banks now expected to follow suit. will follow.

With a more positive global economic outlook, coffee consumption is forecast to grow from 2% to 3% during the fall 2024/2025 crop. The overall increase in global coffee consumption is expected by many independent forecasters to grow by an average of about 0.95% over the previous year, possibly reaching a total of 171.50 million bags in the 2024/25 crop year. upcoming.

This growth is mainly driven by relatively new coffee consumer markets and producing countries such as China, India, Indonesia, the Middle East and Vietnam, which have recorded strong coffee consumption domestic increase.

Source: Công Thương