Coffee price today January 16, 2025: Continuing the downward trend
Coffee prices today, January 16, domestically and internationally, continued to decline, at 114,000 - 114,500 VND/kg, a decrease of 700 - 1,000 VND/kg compared to yesterday. Coffee trading floors were covered in red before the New Year.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands continued to decrease by 700 to 1,000 VND/kg today, fluctuating between 114,000 and 114,500 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 114,500 VND/kg. A sharp decrease of 1,000 VND/kg compared to yesterday.
Coffee price in Dak Lak province is 114,500 VND/kg, down 700 VND/kg compared to yesterday.
Coffee prices in Gia Lai province also dropped sharply by VND800/kg and were traded at VND114,400/kg.
In Lam Dong province, coffee prices decreased by 700 VND/kg, to 114,000 VND/kg.
Domestic experts predict that Vietnam's coffee output will increase significantly in the next few years. In the past two years, coffee prices have been good, so farmers have focused on investing in garden care, and productivity has increased significantly.
Furthermore, the Coffee Replanting Project of the Ministry of Agriculture and Rural Development in collaboration with the World Bank (2014-2022) has had positive effects on both productivity and output. Not to mention, in many provinces of the Central Highlands, the newly planted area has continuously increased but there are no specific statistics, making it difficult to forecast total output.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
March 2025 delivery: Up 34 USD/ton, to 4,897 USD/ton.
Delivery in May 2025: Up 33 USD/ton, to 4,829 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 4.15 cents/lb, to 326.1 cents/lb.
May 2025 delivery: Up 4.15 cents/lb, to 322.15 cents/lb.
Coffee prices on both exchanges are under pressure from rising inventories. In addition, traders say Brazil’s robusta crop is in good condition and Brazil could even surpass Vietnam as the world’s largest robusta producer this year.
Recently, according to the announcement of the General Department of Vietnam Customs, in December 2024, Vietnam's total coffee export volume reached 127,655 tons, a sharp increase of 102.6%; the total export value also increased by more than 95%, equivalent to over 686.5 million USD. This information has contributed to putting pressure on Robusta coffee prices since the end of last week.
Cocoa and robusta coffee prices are set to hit record highs in 2024, while arabica has surged to its highest level since 1977 due to adverse weather conditions and tight supplies in key producing regions, according to Rabobank.
Rabobank researchers say that these commodities are trading at a significant premium to their production costs, so production will increase and demand will fall this year. In addition, the EU’s temporary suspension of the EU Deforestation Regulation (EUDR) is expected to bring stability to markets.
