Coffee prices today, January 16, 2025: The downward trend continues.
Coffee prices today, January 16th, both domestically and internationally, continued their downward trend, standing at 114,000 – 114,500 VND/kg, a decrease of 700 to 1,000 VND/kg compared to yesterday. Coffee trading floors were dominated by red ahead of the new year.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands region continued their downward trend today, falling by 700 to 1,000 VND/kg, fluctuating between 114,000 and 114,500 VND/kg.
Accordingly, traders in Dak Nong province are buying coffee at a maximum price of 114,500 VND/kg, a sharp decrease of 1,000 VND/kg compared to yesterday.
Coffee prices in Dak Lak province are at 114,500 VND/kg, down 700 VND/kg compared to yesterday.
Coffee prices in Gia Lai province also dropped sharply by 800 VND/kg and are trading at 114,400 VND/kg.
In Lam Dong province, the price of coffee decreased by 700 VND/kg, to 114,000 VND/kg.
Domestic experts predict that Vietnam's coffee production will increase significantly in the next few years. In the last two years, coffee prices have been high, so farmers have focused on investing in garden care, resulting in a noticeable increase in yield.
Furthermore, the coffee replanting project of the Ministry of Agriculture and Rural Development in collaboration with the World Bank (2014-2022) has had a positive effect on both yield and production. Not to mention, in many provinces of the Central Highlands, the area of newly planted trees is continuously increasing, but specific statistics are not available, making it difficult to forecast total production.
World coffee prices today
Coffee prices on the world market are also subject to many fluctuations:
Robusta coffee (London):
March 2025 delivery: Increased by $34/ton, to $4,897/ton.
May 2025 delivery: Increased by $33/ton, to $4,829/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 due to rising inventories. In addition, traders say Brazil's robusta coffee crop is in good shape and Brazil could even surpass Vietnam to become the world's largest robusta producer this year.
Recently, according to the General Department of Vietnam Customs, in December 2024, the total volume of Vietnamese coffee exports 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.
According to Rabobank, cocoa and robusta coffee prices are expected to reach record highs in 2024, while arabica prices are projected to rise to their highest level since 1977 due to unfavorable weather conditions and tight supply in key producing regions.
Rabobank researchers believe that these commodities are trading at significantly higher prices than their production costs, leading to increased output and decreased demand this year. Additionally, the EU's temporary suspension of the Deforestation Regulation (EUDR) is expected to bring stability to the markets.
