Coffee price today January 10, 2025: Shocking drop after 3 consecutive increases
Today's domestic coffee price, January 10, is at 118,000 - 119,200 VND/kg, a shocking decrease after 3 consecutive sessions of increase. Reflecting fluctuations in supply and demand, as well as market sentiment after consecutive sessions of increase.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands region today dropped dramatically from 2,200 to 2,500 VND/kg, fluctuating between 118,000 - 119,200 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 119,200 VND/kg. A shocking decrease of 2,300 VND/kg compared to yesterday.
Coffee prices in Dak Lak province stood at 119,000 VND/kg, down sharply by 2,300 VND/kg.
Similarly, coffee prices in Gia Lai province dropped sharply by VND2,200/kg and were traded at VND119,000/kg.
In Lam Dong province, coffee prices dropped sharply by VND2,500/kg to VND118,000/kg.
After 3 consecutive increases this week, the price recorded a shocking drop early this afternoon at an average of 119,100 VND/kg, down -2,300 VND/kg.
The sharp decline in domestic coffee prices can be explained by several factors. First of all, the price adjustment may reflect fluctuations in global supply and demand, as well as market sentiment after consecutive increases.
The sharp drop in coffee prices could affect the psychology of farmers and purchasing businesses. In the context of volatile world markets, consumers and investors should closely monitor factors affecting prices in the coming time.
It is forecasted that if there are no major changes in fundamental factors, coffee prices will likely continue to remain stable in the range of 118,000 to 119,200 VND/kg.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Up 17 USD/ton, to 4,973 USD/ton.
Delivery in May 2025: Up 9 USD/ton, to 4,886 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 1.1 cents/lb, to 317.55 cents/lb.
May 2025 delivery: Up 1.05 cents/lb, to 314.05 cents/lb.
Speculators have sharply reduced their net buying positions, which has had a major impact on coffee prices traded on the market. In addition, the strengthening of the US dollar has put pressure on the prices of most commodities, including coffee.
In addition, the increase in inventories is also a negative factor for prices as Arabica coffee stocks tracked by ICE rose to a 2.5-year high on January 6, at 993,562 bags. At the same time, Robusta coffee stocks monitored by ICE rose to a 3-month high on January 8, reaching 4,415 lots.
The London robusta coffee market also saw the managed money sector reduce its net long position by 6.11% over the same period.
