Coffee prices in Vietnam on December 21, 2024; world prices fluctuate in opposite directions

Published 2024년 12월 21일

Tridge summary

Coffee prices on December 21, 2024, fluctuated mixed on the London and New York exchanges, with Robusta price decreasing and Arabica price increasing slightly. Consulting firm Safras & Mercado predicted a decrease in Brazil's coffee output in the 2025/26 crop year, leading to a potential increase in Arabica prices despite a high inventory. However, Robusta is under pressure due to a sharp increase in inventory and the ongoing harvest in Vietnam. In Vietnam, domestic coffee prices decreased, and coffee export turnover exceeded 4.24 billion USD for the whole year of 2023, setting a new record despite a decrease in export volume. The European Union continued to be Vietnam's largest coffee consumer market, with a significant increase in turnover despite a decrease in volume.

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

Original content

Coffee prices today, December 21, in the world In the world, the London and New York exchanges on December 21 fluctuated in opposite directions. Of which, the price of Robusta on the London exchange for delivery in January 2025 decreased by another 50 USD (equivalent to 0.99%); to 5,011 USD/ton. And the delivery term in March 2025 decreased by 44 USD (equivalent to 0.87%); to 5,002 USD/ton. On the New York exchange, the price of Arabica for delivery in March 2025 turned to increase by 1.25 cents (equivalent to 0.39%); to 325 cents/lb. And the delivery term in May 2025 increased slightly by 1 cent (equivalent to 0.31%); to 319.30 cents/lb. World coffee prices continued to fall on the London exchange today but turned slightly higher on the New York exchange thanks to the weakening USD. Consulting firm Safras & Mercado estimated on December 20 that Brazil's coffee output in the 2025/26 crop year will reach 62.45 million bags, down 5% compared to the current crop year. Of which, ...

Source: Agriculture