World coffee prices in the early morning of April 28, 2024, at 5:24 a.m., were updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the trading floors in the world, is the only channel in Vietnam that continuously updates links with trading floors around the world).
Today’s online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe throughout the trading hours of the exchange, updated by website www.giacaphe.com update as follows:
| Coffee price April 28, Robusta coffee price London April 28, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor on April 28, 2024 decreased by up to 153 USD/ton compared to the previous trading session, ranging from 3,850 – 4,151 USD/ton. Specifically, the delivery term in July 2024 is 4,151 USD/ton; Delivery term September 2024 is 4,065 USD/ton; Delivery term in November 2024 is 3,971 USD/ton and delivery term in January 2025 is 3,850 USD/ton.
| Coffee price April 28, Arabica coffee price New York April 28, 2024 |
In the same situation, the price of Arabica coffee on the New York floor on the morning of April 28, 2024 decreased to 4.10 cents/lb. Specifically, the delivery term in July 2024 is 224 cents/lb; September 2024 delivery period is 222.40 cents/lb; December 2024 delivery period is 220.70 cents/lb and March 2025 delivery period is 219.95 cents/lb.
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| Coffee price April 28, Brazilian Arabica coffee price April 28, 2024 |
Brazilian Arabica coffee prices on the morning of April 28, 2024 also decreased, ranging from 266.45 – 281.10 USD/ton. Specifically, the delivery term in May 2024 is 281.10 USD/ton; July 2024 delivery period is 280.85 USD/ton; September 2024 delivery is 270 USD/ton and December 2024 delivery is 266.45 USD/ton.
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 the ICE Futures US floor (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 floor, it will be open from 19:00 – 02:35 (the next day), Vietnam time.
Domestic coffee prices were updated at 5:24 a.m. on April 28, 2024 as follows, domestic coffee prices decreased by 2,400 VND/kg, but still remained above the mark of 131,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 131,600 VND/kg, the highest purchase price in Dak Nong province is 131,700 VND/kg.
Specifically, the price of coffee purchased in Gia Lai province and Kon Tum province is at 131,500 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 131,700 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 131,000 VND/kg.
Coffee price today (April 28) in Dak Lak province; In Cu M’gar district, coffee is purchased at about 131,400 VND/kg, while in Ea H’leo district, Buon Ho town is purchased at the same rate of 131,500 VND/kg.
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| Coffee price April 28, Domestic coffee price April 28, 2024 |
After a seemingly never-ending series of strong increases, Robusta stopped to balance its business position on the exchange. Besides, increased inventory has limited the upward momentum, causing coffee to turn around.
Data shows that Robusta coffee inventory on ICE Futures Europe as of April 25 has increased to a 4.5-month high, reaching 37,600 tons. Along with that, Arabica coffee inventory on ICE Futures US also increased to its highest level in 11.5 months, reaching 661,492 bags.
Domestic coffee prices are still over the threshold of 131,000 VND/kg. Supply tensions are still happening when in the world at this stage only Vietnam is harvesting. Indonesia harvests around April-May, while Brazil harvests around July.
Meanwhile, Vietnam’s inventory output is very low, only 50% compared to previous years. The output of the 2023 – 2024 crop year is also estimated to decrease by 10% compared to the previous crop year.
Any cause that causes additional disadvantages to Vietnam’s crop output at this time will be very sensitive, quickly pushing prices up beyond the current high level.
