Coffee price today January 3, 2025: Forecast to continue increasing in 2025
Today, January 3, domestic coffee prices are at 118,700 - 119,500 VND/kg, slightly increasing in Dak Lak, stable in other localities compared to yesterday. The market may fall into a shortage for the fifth consecutive year, leading to continued increases in coffee prices in 2025.
Domestic coffee prices today
Domestic coffee prices today ranged from 118,700 to 119,500 VND/kg, up slightly by 100 VND/kg in Dak Lak compared to yesterday and stable in other localities.
Dak Lak: 119,500 VND/kg (increase 100 VND/kg).
Lam Dong: 118,700 VND/kg.
Gia Lai: 119,400 VND/kg.
Dak Nong: 119,500 VND/kg.
The global coffee market is expected to face difficulties in 2024 as production declines in both Brazil and Vietnam. Some analysts warn that the market could fall into a fifth consecutive year of shortage, leading to further price increases.
According to Dak Nong Newspaper, in 2024, the province's coffee export output will not meet the plan due to reduced consumption demand. However, thanks to the sharp increase in prices, export turnover is estimated to reach 280 million USD, an increase of 70.6% compared to 2023. Coffee accounts for about 28% of the province's total export turnover.
Dak Nong coffee is exported to many major markets such as Singapore, Spain, Germany, Belgium, Japan, Korea, Canada, China and Switzerland. Many businesses in the province such as Olam Vietnam, Intimex Dak Nong and Hong Duc are actively participating in processing and exporting coffee to the world.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Up 133 USD/ton, to 5,008 USD/ton.
Delivery in May 2025: Up 121 USD/ton, to 4,926 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 5.05 cents/lb, to 324.80 cents/lb.
May 2025 delivery: Up 5.50 cents/lb, to 320.35 cents/lb.
Activity on both coffee futures markets this week was limited due to the New Year holiday, according to comunicaffe.
Brazil, especially Minas Gerais state, recorded abundant rainfall last week, which helped replenish water resources and improve soil moisture, supporting coffee production.
Certified arabica stocks on ICE hit a two-and-a-half-year high of 991,080 bags.
In the week ending December 24, the non-commercial speculative sector in the New York arabica market increased its net long position by 9.42% to 41,753 lots, equivalent to 11.84 million bags.
During the same week, the London robusta market saw managed speculative sectors slightly reduce their net long positions by 0.36% to 21,161 lots, equivalent to more than 3.5 million bags.
