Coffee price today March 29, 2025: Continued sharp decline
Today, March 29, domestic coffee prices are at 131,300 - 132,300 VND/kg. Coffee prices continue to drop sharply by 1,000 to 1,100 VND/kg compared to yesterday. Arabica coffee prices fell to their lowest level in a month, while Robusta hit a 9-week low.
Domestic coffee prices today
Domestic coffee prices today, March 29, 2025, in the Central Highlands region slightly decreased compared to yesterday, fluctuating between 131,300 - 132,300 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 132,300 VND/kg. A sharp decrease of 11,000 VND/kg compared to yesterday.
Coffee price in Dak Lak province is 132,300 VND/kg, down 1,100 VND/kg compared to yesterday.
Similarly, coffee prices in Gia Lai province decreased by VND1,000/kg and were traded at VND132,300/kg.
In Lam Dong province, coffee prices decreased by 11,000 VND/kg and were at 131,300 VND/kg.
In Dak Lao commune (Dak Mil district, Dak Nong province), prolonged drought has caused most of the people's wells and water storage ponds to dry up. According to Mr. Truong Xuan Hung - Chairman of the Commune People's Committee, if the situation does not improve, about 700 hectares of crops are at risk of withering. Many areas will even have to be replanted if there is no irrigation water in the near future.
Irrigation reservoir No. 40 - the main water supply project in the commune - is currently being repaired and renovated so it cannot store water for production as usual.
Dak Mil Irrigation Project Exploitation Company Limited can only pump water in rotation to support farmers in fighting drought. However, the amount of water provided is not enough to meet the irrigation needs of the large coffee area in the locality, forcing many farmers to buy water from outside to save the trees.
World coffee prices today
Coffee prices on the world market fell sharply on both exchanges:
Robusta Coffee (London):
Delivery in May 2025: Up 14 USD/ton, to 5,365 USD/ton.
Delivery in July 2025: Up 27 USD/ton, to 5,388 USD/ton.
Arabica Coffee (New York):
May 2025 delivery: Up 2.5 cents/lb, to 381.3 cents/lb.
July 2025 delivery: Up 3.05 cents/lb, to 378 cents/lb.
Arabica coffee prices fell to a one-month low, while Robusta hit a nine-week low. The main reason was a massive sell-off by hedge funds after the US announced a sharp decline in consumer confidence, raising concerns about the risk of an economic recession. Many investors were forced to sell their stocks to cut losses.
According to the latest survey from The Conference Board, the US consumer confidence index fell 7.2 points to 92.9. This shows that pessimism is spreading in the context of global economic instability and controversial tariff policies from US President Donald Trump. In addition, rainy weather information in Brazil's main coffee growing regions also negatively impacted the market.
Despite the sharp drop in world coffee prices, domestic coffee prices remain at record highs. The reason is the scarcity of supply in the global market, especially Robusta coffee. In addition, dry weather in Vietnam and Brazil continues to greatly affect production, increasing concerns about shortages.
A stronger US dollar has also added to the pressure on coffee prices. The greenback is now at a three-week high against the euro as investors await the announcement of new auto tariffs from the US president. Concerns about slowing economic growth and the risk of a return to inflation have kept investors cautious.
However, Robusta prices have decreased less than Arabica due to limited domestic supply. According to the Vietnam Coffee and Cocoa Association (Vicofa), domestic farmers are proactively holding onto their stocks, waiting for prices to increase further instead of selling them en masse.
