Coffee price today January 25, 2025: No change on the first day of Tet holiday
Domestic coffee prices today, January 25, are at 123,500 - 124,500 VND/kg, unchanged on the first day of the Lunar New Year holiday. Arabica futures are close to hitting a new record due to supply concerns in Brazil.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands remained unchanged on the first day of the Lunar New Year holiday, fluctuating between VND123,500 and VND124,500 per kilogram.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 124,500 VND/kg. No change compared to yesterday.
Coffee price in Dak Lak province is 124,200 VND/kg, an increase of 200 VND/kg compared to yesterday.
Coffee prices in Gia Lai province remained unchanged and were traded at 124,000 VND/kg.
In Lam Dong province, coffee prices remained unchanged at VND123,500/kg.
Mr. Do Ha Nam said that there is currently very little coffee on the London floor, but many financial investors are participating, pushing the price up very high.
On the Brazilian side, transportation is difficult, exporters of this country deliver very late, so the world's coffee supply is dependent on Vietnam.
Meanwhile, Vietnam is entering a long Tet holiday, farmers are limiting sales, waiting until after Tet, causing a shortage of supply. However, coffee prices are currently very high, so there are not many buyers, mainly only buying when needed, not buying to store.
Vietnamese export enterprises are also on Tet holiday, so the coffee supply from Vietnam continues to be interrupted, causing prices to remain stable and tend to increase.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Up 15 USD/ton, to 5,497 USD/ton.
Delivery in May 2025: Up 26 USD/ton, to 5,449 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 1.2 cents/lb, to 345.15 cents/lb.
May 2025 delivery: Up 1.2 cents/lb, to 341.3 cents/lb.
Arabica coffee prices hit a new record high for the near-term futures contract and robusta continued to rise to a six-week high.
Prospects of a smaller coffee crop in Brazil leading to tight supplies have fueled buying from investment funds.
A stronger Brazilian real also supported coffee prices, with the real rising to a six-week high against the dollar on January 23. A stronger real reduces the incentive for Brazilian coffee producers to sell.
Supply concerns from top producer Brazil are supporting prices, while ICE certified arabica coffee inventories are adding pressure, Reuters reported.
“Long term, there are a lot of concerns about the next crop,” said Tomas Araujo, a broker at StoneX.
He also added that the market will be watching for updates on crop estimates expected in the next 30 days.
