Coffee price today 2/1/2025: Rising to all-time high
Today, February 1, domestic coffee prices are at 127,800 - 129,000 VND/kg, a sharp increase of 1,000 - 1,300 VND/kg. Robusta coffee beans have risen to an all-time high due to scarce supply.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands region today increased sharply from 1,000 to 1,300 VND/kg compared to yesterday, fluctuating between 127,800 - 129,000 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 129,000 VND/kg. A sharp increase of 1,200 VND/kg compared to yesterday.
Coffee price in Dak Lak province is 128,800 VND/kg, a sharp increase of 1,200 VND/kg compared to yesterday.
Coffee prices in Gia Lai province increased by VND1,300/kg and were traded at VND128,800/kg.
In Lam Dong province, coffee prices increased by VND1,000/kg to VND127,800/kg.
According to experts, coffee prices will continue to increase in the coming time due to strong supporting factors:
Tight supply: Currently, coffee supply from Vietnam - the world's largest Robusta exporter - remains limited as many farmers have not sold all their output, expecting higher prices.
Adverse weather in Brazil: Brazil's main coffee growing regions are facing a prolonged drought, affecting new crop production.
USD index falls: The weaker USD makes commodity prices, including coffee, more attractive to investors.
Experts predict that domestic coffee prices on February 2, 2025 (the 5th day of Tet) will continue to remain at a very high level, with the possibility of reaching a new record of VND 130,000/kg.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Up 23 USD/ton, to 5,757 USD/ton.
Delivery in May 2025: Up 27 USD/ton, to 5,736 USD/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 said data from exchanges showed major roasters such as Nestlé (NESN.S) and JDE Peet's (JDEP.AS) had yet to make enough purchases and had more deals to do, while speculators remained bullish on coffee prices, according to Reuters.
Robusta coffee is also in short supply, and is somewhat of a substitute for 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 activities are expected to slow significantly in late January due to the Lunar New Year holiday.
