Market

Coffee price today March 17, 2025: Slight increase compared to last week

Quoc DuongDNUM_BHZADZCACF 4:10

Today's domestic coffee price, March 17, is at 131,800 - 132,000 VND/kg. Coffee prices increased slightly from 1,000 to 2,200 VND/kg compared to last week. Export coffee prices fluctuated last week.

Domestic coffee prices today

Domestic coffee prices today, March 17, 2025 in the Central Highlands region remained unchanged compared to yesterday, fluctuating between 131,800 - 132,000 VND/kg.

Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 132,000 VND/kg. No change compared to yesterday.

Similarly, coffee prices in Dak Lak province are at 132,000 VND/kg, unchanged from yesterday.

Coffee prices in Gia Lai province remained unchanged and were traded at VND131,800/kg.

In Lam Dong province, coffee prices remained unchanged at VND130,000/kg.

Giá cà phê hôm nay 17/3/2025: Tăng nhẹ so với tuần trước

At the end of last week, coffee prices in the Central Highlands increased slightly from 1,000 to 2,200 VND/kg compared to the previous week. Of which, coffee prices in Dak Lak and Dak Nong provinces had the highest increase of 2,200 VND/kg.

Similarly, coffee prices in Gia Lai province also increased by VND2,200/kg last week. In Lam Dong province, coffee prices only increased by VND1,000/kg.

According to the Vietnam Coffee and Cocoa Association (Vicofa), Vietnam's coffee output in the 2024-2025 crop year is expected to reach 26.5 million bags, down from 27 million bags in the previous crop year. This figure is also down from the December 2024 estimate, indicating that supply is showing signs of decline.

Not only in Vietnam, the global coffee supply is also being severely affected, especially due to harvest-related problems in Brazil. This disruption has caused the price of Robusta coffee on the London floor to increase by nearly 70% over the past year, clearly reflecting the shortage of supply in the world market.

World coffee prices today

At the end of last week, the price of robusta coffee on the London Stock Exchange continued to increase. The contract for delivery in May 2025 reached 5,397 USD/ton, up 0.8% compared to the end of last week. The contract for delivery in July 2025 also recorded an increase of 1.1%, reaching 5,377 USD/ton.

Robusta prices have been supported by slow sales from farmers in Vietnam, the world’s largest robusta producer. Many farmers are holding 30-40% of their stocks in anticipation of higher prices.

Meanwhile, on the New York Mercantile Exchange, Arabica coffee prices tended to decrease. The contract for delivery in May 2025 decreased by 1.9% to 377.2 US cents/pound. The contract for delivery in July 2025 also decreased by 1.7% to 370.9 US cents/pound.

Brazil’s coffee exports continued to decline for the third consecutive month. According to Cecafé, February exports totaled just 3.27 million bags, down 10.4% from the same month last year. However, thanks to high prices, revenue still increased sharply by 55.5%, approaching the $1.2 billion mark.

Of which, green coffee bean exports decreased by 11.7%, to only 3 million bags. Arabica exports decreased slightly by 2% to 2.77 million bags, while robusta exports decreased sharply by 60.1%, reaching only 226,127 bags.

In the first two months of 2025, Brazil's total coffee exports reached 7.28 million bags, down 5.4% compared to the same period in 2024. Arabica exports reached 6 million bags, down slightly by 0.7%, while robusta fell sharply by 45.5% to 559,928 bags. In contrast, instant coffee exports increased by 16.5% to 640,996 bags, and roasted coffee increased by 63.9% to 7,993 bags.

Featured Nghe An Newspaper

Latest

x
Coffee price today March 17, 2025: Slight increase compared to last week
POWERED BYONECMS- A PRODUCT OFNEKO