Coffee price today January 27, 2025: Strong increase ends the week before Tet holiday
Today's domestic coffee price, January 27, is at 124,700 - 125,500 VND/kg, a sharp increase from 5,200 to 5,500 VND/kg last week. Arabica continuously sets new records, robusta approaches historical peak.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands today remained unchanged compared to yesterday, fluctuating between 124,700 - 125,500 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 125,500 VND/kg. No change compared to yesterday.
Coffee price in Dak Lak province is 125,300 VND/kg, unchanged from yesterday.
Coffee prices in Gia Lai province remained unchanged and were traded at 125,000 VND/kg.
In Lam Dong province, coffee prices remained unchanged at VND124,700/kg.
In Vietnam, coffee prices rose last week following a rise in Robusta coffee on the London exchange, although traders said domestic trading was quiet ahead of the nine-day Lunar New Year holiday.
At the end of last week, farmers in the Central Highlands, the largest coffee growing region in Vietnam, sold coffee beans at VND124,500 - VND125,500/kg, an increase of VND5,200 - VND5,500/kg compared to the previous week.
Specifically, coffee prices in Dak Nong province are being purchased by traders at the highest level of 125,500 VND/kg, an increase of 5,500 VND/kg last week.
Coffee prices in Dak Lak province also increased by VND5,300/kg compared to last week, to VND125,300/kg.
Similarly, coffee prices in Gia Lai province increased by VND5,200/kg and are currently trading at VND125,000/kg.
In Lam Dong, coffee prices last week were adjusted up 5,400 VND/kg to 124,700 VND/kg.
World coffee prices today
Coffee prices on the world market also fluctuate:
At the end of last week, the online price of robusta coffee for March 2025 delivery on the London floor stood at $5,544/ton, up 10.7% (equivalent to $538/ton) compared to a week ago. The contract for May 2025 delivery increased by 10.8% (537/ton), reaching $5,499/ton.
Continuing the upward momentum from the end of last week, the price of robusta coffee futures for March 2025 has increased consecutively in 5 trading sessions this week and is now only 21 USD/ton lower than the historical peak of 5,565 USD/ton reached in late November last year.
On the New York Mercantile Exchange, the price of Arabica coffee for delivery in March 2025 reached a new record high of 347.55 US cents/pound, up 5.8% (19.2 US cents/pound) compared to the previous week. The contract for delivery in May 2025 closed at 343.05 US cents/pound, up 5.7% (18.45 US cents/pound).
In the past, the world coffee market was often led by Arabica coffee, with prices always 2-3 times higher than Robusta coffee. However, the world coffee market in 2024 is the opposite.
From the beginning of the year to the end of September 2024, coffee prices on the world market were mainly led by Robusta, when countries producing this type of coffee, including Vietnam, faced difficulties due to drought and harsh weather caused by the El Nino phenomenon.
European coffee importers are already rushing to increase imports ahead of the EU Deforestation Regulation (EUDR) coming into force in 2024. Some experts predict that coffee market tensions will ease in 2025, but long-term coffee prices are still likely to rise due to climate change and other factors.
