Coffee prices today, February 1, 2025: Rising to an all-time high.
Today, February 1st, domestic coffee prices are at 127,800 – 129,000 VND/kg, a sharp increase of 1,000 to 1,300 VND/kg. Robusta coffee beans have reached an all-time high due to scarce supply.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands region today increased sharply by 1,000 to 1,300 VND/kg compared to yesterday, fluctuating between 127,800 and 129,000 VND/kg.
Accordingly, traders in Dak Nong province are buying coffee at the highest price of 129,000 VND/kg, a sharp increase of 1,200 VND/kg compared to yesterday.
Coffee prices in Dak Lak province are at 128,800 VND/kg, a sharp increase of 1,200 VND/kg compared to yesterday.
Coffee prices in Gia Lai province increased by 1,300 VND/kg and are trading at 128,800 VND/kg.
Meanwhile, in Lam Dong province, the price of coffee increased by 1,000 VND/kg to 127,800 VND/kg.
According to experts, coffee prices are still trending upwards in the near future due to strong supporting factors:
Tight supply: Currently, the supply of coffee from Vietnam - the world's largest exporter of Robusta - remains limited because many farmers have not yet sold their entire harvest, expecting higher prices.
Adverse weather conditions in Brazil: Brazil's major coffee-growing regions are facing a prolonged drought, impacting the yield of the new crop.
The USD index falls: A weaker USD makes commodities, including coffee, more attractive to investors.
Experts predict that domestic coffee prices on February 2nd, 2025 (the 5th day of the Lunar New Year) will continue to remain very high, potentially reaching a new record high of 130,000 VND/kg.
World coffee prices today
Coffee prices on the world market are also subject to many fluctuations:
Robusta coffee (London):
March 2025 delivery: Increased by $23/ton, to $5,757/ton.
May 2025 delivery: Increased by $27/ton, to $5,736/ton.
Arabica coffee (New York):
March 2025 delivery: Up 2.3 cents/lb, to 375.70 cents/lb.
May 2025 delivery: Up 1.75 cents/lb, to 369.9 cents/lb.
Traders say data from exchanges shows that major roasters like Nestlé (NESN.S) and JDE Peet's (JDEP.AS) have yet to buy enough and have many deals to complete, while speculators remain optimistic about coffee prices, according to Reuters.
Robusta coffee is also in short supply; it can, to some extent, replace arabica, although it is more commonly used for instant coffee than for roasting and grinding.
However, farmers in Vietnam, the world's largest producer of robusta coffee, are holding back their stocks in anticipation of higher prices, while trade and shipping are expected to slow significantly towards the end of January due to the Lunar New Year holiday.
