Global coffee news on December 25: Robusta prices supported as rains in Vietnam slow down the harvest progress

Published 2024년 12월 25일

Tridge summary

Coffee prices on two exchanges fluctuated before closing early for Christmas. Robusta futures for March 2025 on the London exchange increased by 0.7% to 5,041 USD/ton, while Arabica futures for the same period on the New York exchange decreased by 0.7%, closing at 324.9 US cents/lb. Green coffee bean exports in the first half of December 2024 saw a decrease of 51.5% in volume and 6.5% in value compared to the same period last year. However, the market is still supported by poor yield forecasts for next year's coffee crop in Brazil, which could tighten supplies in 2025. The USDA forecasts global coffee production to reach 174.8 million bags, with a slight increase in global green coffee exports to more than 144.8 million bags in the 2024/25 crop year, due to output recoveries in Vietnam and Indonesia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the world market, coffee prices on two exchanges fluctuated before closing early to welcome Christmas. Robusta futures for March 2025 on the London exchange increased by 0.7% to 5,041 USD/ton. Arabica futures for the same period on the New York exchange decreased by 0.7%, closing at 324.9 US cents/lb. Highlights: - According to data from the Vietnam Coffee and Cocoa Association (VICOFA), green coffee bean exports in the first half of December 2024 reached only 48,371 tons of coffee, earning more than 263.63 million USD, down 51.5% in volume and 6.5% in value compared to the same period last year. The average export price of green coffee beans during this period was 4,908 USD/ton (about 123,600 VND/kg). - Record prices have prompted producers in Brazil to increase selling, traders said. The market is still supported by poor yield forecasts for next year's coffee crop in Brazil after a drought this year, which could tighten supplies in 2025. - According to Safas & Mercado, ...

Source: Vinanet