Coffee price today January 4, 2024: Sharp decline

World coffee prices fell sharply on January 4, with Robusta and Arabica prices decreasing by 1.74% and 2.51% respectively on the London exchange, and by 1.61% and 2.24% respectively on the New York exchange. The decline in prices was attributed to the rising USD and positive weather outlook in Brazil. In Vietnam, the domestic coffee market also saw a decrease, with prices trading around 119,800 - 120,500 VND/kg. Despite the decrease in prices, Vietnam's coffee export turnover hit over 5 billion USD in 2024, a record high.

World coffee prices today January 4 Worldwide, the London and New York exchanges both fell sharply on January 4. In particular, the price of Robusta on the London exchange for delivery in March 2025 decreased by 88 USD (equivalent to 1.74%); to 4,968 USD/ton. And the delivery term for May 2025 decreased sharply by 80 USD (equivalent to 1.61%); to 4,897 USD/ton. On the New York exchange, the price of Arabica for delivery in March 2025 decreased by 8.2 cents (equivalent to 2.51%); to 318.65 cents/lb. And the delivery term for May 2025 decreased sharply by 7.2 cents (equivalent to 2.24%); to 314.90 cents/lb. World coffee prices fell sharply today after two previous strong increases. The rising USD and the news of rain in Brazil have caused prices on both London and New York exchanges to fall. Thus, world coffee prices on January 4, 2024 have turned sharply lower compared to yesterday. Coffee prices today, January 4 in the country Domestically, the coffee market today, January 4, has ...