Coffee prices today, March 24, 2025: Rising for the third consecutive week.

Domestic coffee prices today

Domestic coffee prices in the Central Highlands region today, March 24, 2025, increased slightly compared to yesterday, fluctuating between 132,900 and 134,000 VND/kg.

Accordingly, traders in Dak Nong province are buying coffee at the highest price of 134,000 VND/kg. This remains unchanged from yesterday.

Coffee prices in Dak Lak province remain unchanged from yesterday at 133,900 VND/kg.

Similarly, coffee prices in Gia Lai province remained unchanged, trading at 133,900 VND/kg.

In Lam Dong province, coffee prices remained unchanged at 132,900 VND/kg.

At the end of last week, coffee prices in the Central Highlands region increased for the third consecutive week, ranging from 1900 to 2900 VND/kg. Specifically, coffee prices in Dak Nong province increased by 2000 VND/kg.

In Dak Lak and Gia Lai provinces, coffee prices increased by 1900 VND/kg and 2100 VND/kg respectively. Lam Dong province saw the sharpest increase, reaching 2900 VND/kg last week.

Domestic coffee prices in Vietnam have just reached 135,000 VND/kg for the second time in history, since the trading session on March 5th. This is an unprecedented milestone in the domestic coffee industry.

According to a trader in the coffee-growing region, some farmers have taken advantage of the high prices to lock in profits. However, many who are not under financial pressure continue to hold onto their stock in the hope that prices will rise further.

However, farmers now have very little coffee left in their warehouses. This further tightens the supply on the market before the start of the new harvest season.

Another trader said that companies are currently facing difficulties in procuring coffee. Last year, some companies were able to import from Brazil to compensate for domestic shortages, but this year, supplies from Brazil have also become scarce.

In Indonesia, robusta coffee from Sumatra this week is being offered at a discount of $100-110 compared to the April contract. This price is a significant decrease from last week when the coffee was selling at a premium of $80, clearly reflecting the scarcity of supply.

Another trader also confirmed that this week, coffee was being offered at a discount of $100 due to the continuing shortage.

World coffee prices today

On the London exchange, robusta coffee futures for May 2025 closed the week at $5,515 per ton, up 2.2% from the previous week. The July contract also saw a 2.4% increase, reaching $5,504 per ton.

On the New York exchange, the price of Arabica coffee for May 2025 delivery surged 3.4%, to 390.15 cents per pound. The July 2025 contract rose even higher, by 3.9%, to 385.3 cents per pound.

According to a new report by the United Nations Food and Agriculture Organization (FAO), climate change is contributing to the volatile price of coffee. The FAO calls for increased transparency and information sharing among stakeholders in the global coffee supply chain.

Arabica and robusta coffee prices are currently at record highs, even without accounting for inflation. Not long ago, the market saw coffee prices fall below $1 per pound, causing serious difficulties for millions of small-scale coffee farmers worldwide.

The FAO report points to several reasons for the fluctuating coffee prices, but emphasizes that reduced production due to extreme weather is a key factor. Rising transportation costs are also believed to be contributing to the recent price surge.

Although it doesn't use the term "climate change," the FAO still details the negative impact of extreme weather on coffee production in recent years. In addition, speculative activities, particularly those related to weather events in major producing countries like Brazil, Vietnam, and Indonesia, are also contributing to the instability in global coffee prices.