Coffee price today 3/24/2025: Increase for the third consecutive week

Domestic coffee prices today

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

Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 134,000 VND/kg. No change compared to yesterday.

Coffee price in Dak Lak province is 133,900 VND/kg, unchanged from yesterday.

Similarly, coffee prices in Gia Lai province remained unchanged and were traded at VND133,900/kg.

In Lam Dong province, coffee prices remained unchanged at VND132,900/kg.

At the end of last week, coffee prices in the Central Highlands increased for the third consecutive week from 1,900 to 2,900 VND/kg. Of which, coffee prices in Dak Nong province increased by 2,000 VND/kg.

In Dak Lak and Gia Lai provinces, coffee prices increased by VND1,900/kg and VND2,100/kg respectively. Coffee prices in Lam Dong increased the most by VND2,900/kg last week.

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

According to a trader in the coffee growing area, some farmers have taken advantage of this high price to sell their coffee to make a profit. However, many people who are not under financial pressure continue to hold on to their goods in the hope that the price will increase further.

However, the amount of coffee left in farmers' warehouses is currently not much. This makes the market supply even tighter before the new harvest season.

Another trader said companies are having difficulty sourcing coffee. Last year, some were able to import from Brazil to make up for the domestic shortage, but this year, supplies from Brazil have also become scarce.

In Indonesia, robusta coffee from Sumatra island is being offered at a discount of $100-$110 to the April contract this week. This is a significant drop from last week when coffee was sold at a premium of $80, reflecting the tight supply situation.

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

World coffee prices today

On the London Stock Exchange, the price of Robusta coffee for May 2025 contract ended last week at $5,515/ton, up 2.2% from the previous week. The July contract also recorded an increase of 2.4%, reaching $5,504/ton.

On the New York Stock Exchange, the price of Arabica coffee for May 2025 delivery increased sharply by 3.4% to 390.15 cents/pound. The July 2025 contract increased even higher, by 3.9% to 385.3 cents/pound.

Climate change is contributing to volatile coffee prices, according to a new report from the Food and Agriculture Organization of the United Nations (FAO). The FAO calls for greater transparency and information sharing among parties in the global coffee supply chain.

Arabica and robusta coffee prices are at record highs, even without adjusting for inflation. Not long ago, the market saw coffee prices fall below $1 a pound, causing severe hardship for millions of small-scale coffee farmers around the world.

The FAO report cited a number of factors for the volatile coffee prices, but highlighted a decline in production due to extreme weather as a key factor. Increased transportation costs were also cited as contributing to the recent surge in prices.

While not using the term “climate change,” the FAO did detail the negative impact of extreme weather on coffee production in recent years. In addition, speculative activities, especially related to weather phenomena in major producing countries such as Brazil, Vietnam and Indonesia, are also partly responsible for the instability in global coffee prices.