Coffee price today February 8, 2025: Sharp decrease due to price increase too fast and too high
Today's domestic coffee price, February 8, is at 129,500 - 130,500 VND/kg. A slight increase of 100 VND/kg compared to yesterday. Arabica coffee prices continue to increase while Robusta prices turn to decrease sharply.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands today increased slightly compared to yesterday, fluctuating between 129,500 - 130,500 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 130,500 VND/kg. No change compared to yesterday.
Coffee price in Dak Lak province is 130,500 VND/kg, a slight increase of 100 VND/kg compared to yesterday.
Coffee prices in Gia Lai province increased by VND100/kg and were traded at VND130,500/kg.
In Lam Dong province, coffee prices remained unchanged at VND129,500/kg.
The domestic coffee market is entering a period of consolidation due to global supply shortages and rising demand. At current prices, this is a crucial time for farmers and businesses to make sound decisions.
According to statistics from the Vietnam Coffee - Cocoa Association, in January 2025, Vietnam exported 154,635 tons of coffee, with an export turnover of 799.48 million USD.
According to these statistics, in January 2025, FDI enterprises accounted for 21.8% of the total export volume of green coffee beans and 22.4% of the total export turnover of green coffee beans.
Processed coffee exports reached 17,067 tons, with a turnover of 104.55 million USD (volume converted according to ICO regulations), accounting for 11% of total volume and 13.1% of total turnover of all types of exported coffee.
In 2025, the Ministry of Agriculture and Rural Development targets total coffee output of 1.98 million tons, a slight increase compared to last year. Meanwhile, the US Department of Agriculture forecasts that global coffee consumption in the 2024-2025 crop year will increase by 5.1 million bags to 168.1 million bags. Vietnam's coffee exports are estimated to increase by 1.8 million bags to 24.4 million bags thanks to improved supply.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery March 2025: Down 13 USD/ton, down to 5,620 USD/ton.
Delivery in May 2025: Down 18 USD/ton, down to 5,628 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 4.6 cents/lb, to 408.55 cents/lb.
May 2025 delivery: Up 4.6 cents/lb, to 401.7 cents/lb.
Analysts say coffee prices could stabilize in the coming months as new harvests enter the market. A more stable supply chain could see prices fall 20-30% after February 2025, but much depends on weather conditions in major producing regions.
Before then, the decline in certified inventories will continue to raise supply concerns, according to Harry Howard, a broker at Sucden Financial.
Meanwhile, Mr. Howard also warned that “technical indicators are still showing signs of overheating.” The relative strength index (RSI) for arabica remains near overbought territory, suggesting that prices may have gone too far and too fast.
