Coffee price today 2/2/2025: Arabica increases continuously
Today's domestic coffee price on February 2 is at 127,800 - 129,000 VND/kg. In the world market, Arabica set a new peak at 377.85 cents/pound while Robusta slightly decreased by 16 USD/ton.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands today remained unchanged 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. No change compared to yesterday.
Coffee prices in Dak Lak province are at 128,800 VND/kg, unchanged from yesterday.
Coffee prices in Gia Lai province remained unchanged and were traded at VND128,800/kg.
In Lam Dong province, coffee prices remained unchanged at VND127,800/kg.
According to experts, domestic coffee supply is being significantly reduced due to the Lunar New Year holiday disrupting purchasing and exporting activities. At the same time, weather developments in the Central Highlands may affect the drying and storage of coffee, putting further pressure on supply.
Some experts predict that coffee prices may continue to increase in the short term, especially when the market enters the peak purchasing period at the beginning of the year. However, there are also warnings about the possibility of adjustment after a series of consecutive hot days.
Given the current situation, domestic coffee prices are likely to hit VND130,000/kg in the coming days, especially if supply continues to tighten and demand from major roasters increases.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery March 2025: Down 16 USD/ton, to 5,718 USD/ton.
Delivery in May 2025: Down 15 USD/ton, to 5,694 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 4.45 cents/lb, to 377.85 cents/lb.
May 2025 delivery: Up 3.2 cents/lb, to 371.35 cents/lb.
Market data shows that coffee growers in Vietnam are hoarding their coffee, waiting for higher prices to sell. Meanwhile, in Brazil, unstable weather conditions have raised concerns about declining production.
The current coffee price fever is partly due to US President Donald Trump's recent threat to impose a 25% tax on Colombian goods imported into the country. Colombia is the third largest coffee exporter in the world after Brazil and Vietnam, and is also the second largest coffee supplier to the US. Although tensions between the US and Colombia have since cooled, they have affected the overall market sentiment.
On the other hand, robusta coffee prices eased from record highs as the USD index (DXY) rose to a one-week high, triggering liquidation of long positions in coffee futures.
Robusta prices were also pressured by news that robusta coffee exports from Indonesia’s Sumatra island in December jumped 345 percent year-on-year to 20,947 tonnes, according to data from the local trade office released on Friday.
