Domestic coffee prices
The domestic coffee market today increased sharply compared to the same time yesterday. Domestic coffee prices were updated at 5:00 a.m. on April 24, 2024 as follows, coffee prices increased by 2,000 – 3,000 VND/kg. The current average price is around 128,300 VND/kg in the Central Highlands provinces, the highest buying price in Dak Nong and Dak Lak provinces is 129,000 VND/kg.
Coffee price list today April 24, 2024
| Market | Medium | Change |
| Dak Lak | 129,000 | +2,000 |
| Lam Dong | 128,000 | +2,000 |
| Gia Lai | 128,000 | +3,000 |
| Kon Tum | 128,000 | +3,000 |
| Dak Nong | 129,000 | +2,000 |
In detail, localities are purchasing coffee at prices ranging from 128,000 – 129,000 VND/kg.
Dak Lak coffee prices
Coffee price today (April 24) in Dak Lak province today increased by 2,000 VND/kg compared to the previous day; Cu M’gar district (Dak Lak) coffee price today is 129,000 VND/kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today’s coffee price is purchased at the same level of 128,900 VND/kg.
Coffee prices in Dak Lak were surveyed from the following regions: Buon Ma Thuot, Buon Ho, Cu M’gar, Ea H’leo, Krong Nang, Krong Pak, Krong Buk and Krong Ana.
Coffee prices in Dak Nong
Dak Nong coffee price today April 24, 2024, purchased at 129,000 VND/kg in Gia Nghia and 128,900 VND/kg in Dak R’lap.
The latest coffee prices in Dak Nong were surveyed from the following regions: Dak Mil, Dak Song, Krong No
Coffee prices in Lam Dong
Price of green coffee beans (green coffee, fresh green coffee) in Lam Dong province in districts such as Di Linh, Lam Ha, Bao Loc, coffee is purchased at a price of 128,000 VND/kg.
The latest coffee prices in Lam Dong were surveyed today from regions and cities: Bao Loc, Di Linh, Lam Ha, Da Lat and Duc Trong.
Gia Lai coffee prices
In Gia Lai province, today’s coffee price is 128,000 VND/kg (Chu Prong), in Pleiku and La Grai the same price is 127,900 VND/kg.
Kon Tum coffee prices
Coffee price today April 24 in Kon Tum province is purchased at 128,000 VND/kg.
Coffee prices in the Central Highlands increased faster than in the world due to intense heat in raw material areas. Many gardeners in the Central Highlands said that because there is no more coffee, they do not care if the price increases sharply, but only care about when it rains.
Update world coffee prices
At the end of the trading session, the price of Robusta coffee on the London floor at 5:30 a.m. on April 24, 2024 decreased slightly, ranging from 3,915 – 4,175 USD/ton. Specifically, the delivery term in May 2024 is 4,175 USD/ton (up 48 USD/ton); Delivery term in July 2024 is 4,105 USD/ton (down 28 USD/ton); Delivery term in September 2024 is 4,033 USD/ton (down 32 USD/ton) and delivery term in December 2024 is 3,915 USD/ton (down 44 USD/ton).
Similarly, the price of Arabica coffee on the New York floor on the morning of April 24 decreased slightly. Specifically, the delivery term in May 2024 is 221.85 cents/lb (down 3.14%); July 2024 delivery period is 220.25 cents/lb (down 2.97%); September 2024 delivery period is 218.60 cents/lb (down 3.00%) and December 2024 delivery period is 218.20 cents/lb (down 2.87%).
Brazilian Arabica coffee prices on the morning of April 24, 2024 decreased slightly. Specifically, the delivery term in May 2024 is 273.50 USD/ton (down 1.28%); July 2024 delivery period is 285.65 USD/ton (down 1.91%); Delivery period in September 2024 is 268.50 USD/ton (down 2.40%) and delivery period in December 2024 is 265.15 USD/ton (down 2.07%).
In Indonesia, even with reduced rainfall, concerns persist. Excess moisture can slow fruit ripening and prevent the start of harvest. In the context of the scarce supply of Robusta coffee, any delay at this time increases concerns that coffee prices can easily spike.
The sharp increase in coffee prices in the Central Highlands causes pepper prices to increase, potentially exceeding the 100,000 VND/kg mark.
Coffee prices in the Central Highlands increased faster than in the world due to intense heat in raw material areas. Images of dried up water reservoirs and many dead coffee gardens are becoming more and more common, causing coffee prices to increase endlessly.
Similar to coffee, heat and drought cause pepper prices to increase. Pepper price is currently reaching 98,000 VND/kg, an increase of about 9,000 VND/kg compared to last week and is likely to exceed 100,000 VND/kg this week.
The lowest pepper price is 97,000 VND/kg in Dong Nai, Dak Nong and Gia Lai. In Binh Phuoc, Ba Ria-Vung Tau, and Dak Lak, the price is up to 98,000 VND/kg. Compared to the same period last year, pepper prices are currently about 33,000 VND/kg higher.
Pepper prices increased sharply due to limited supply due to prolonged heat, affecting the current harvest output. Besides, pepper is often intercropped in coffee gardens, so these two items are closely related in price.
Normally, people will sell coffee when the price is high to prepare money to store pepper. This year, coffee prices have only increased but not decreased and are currently more than 20,000 VND/kg higher than pepper prices. Therefore, many people continue to hold on to pepper and refuse to sell it with the expectation that the price will increase sharply like coffee in the near future. This causes the supply of pepper on the market to be low.
Tags: price coffee increased VNDkg increase coffee prices led increase pepper prices
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