Dramatic global coffee prices at the end of the week

Published 2024년 10월 12일

Tridge summary

On October 12, the price of Robusta and Arabica coffee beans for November delivery fell significantly on the London and New York exchanges, with Robusta dropping to $4,826 per ton and Arabica to $5,560 per ton. Despite the record global green coffee bean exports of 110 million bags in the first 11 months of the 2023-2024 crop year, as reported by the International Coffee Organization (ICO), and an increase in Robusta coffee exports from Brazil, India, and Indonesia, both coffee types experienced a decline in all delivery periods. Vietnam, the world's largest coffee producer and exporter, saw a decrease in export volume by 12.1% year-on-year, while Vietnamese Robusta coffee continues to face high prices due to its unique flavor profile, making it difficult for other sources to replace it in the market.

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

Original content

Early morning of October 12 (Vietnam time), at the end of the weekend trading session on the London (UK) floor, the price of Robusta coffee closed the session with a sharp decrease of 88 USD/ton, down to 4,826 USD/ton (about 119,000 VND/kg), for the November delivery period. At the beginning of the trading session, the price of coffee in this period increased at times, the highest increase was 46 USD/ton but could not be maintained for long, making the price movement of this commodity more dramatic. In other delivery periods, Robusta coffee prices also increased at times but closed the session down from 49 - 62 USD/ton, the lowest was the coffee delivery period in May 2025, down to 4,426 USD/ton. Not only Robusta coffee, Arabica coffee on the New York (USA) floor also closed the session in red in all 4 delivery periods. For delivery in December, Arabica coffee was at 5,560 USD/ton (about 137,000 VND/kg), down 60 USD/ton compared to the previous day. Coffee prices on the two ...

Source: Vietstock