Coffee prices today, January 9, 2025: Rising sharply, farmers feel more confident in production.
Today, January 9th, domestic coffee prices are at 120,500 - 121,500 VND/kg, continuing to rise compared to yesterday. The increase in coffee prices has helped many coffee farmers feel more secure in their production.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands region today saw a slight increase of 200 to 500 VND/kg, fluctuating between 120,500 and 121,500 VND/kg.
Accordingly, traders in Dak Nong province are buying coffee at the highest price of 121,500 VND/kg, a slight increase of 500 VND/kg compared to yesterday.
Coffee prices in Dak Lak province stood at 121,300 VND/kg, a slight increase of 300 VND/kg.
Similarly, coffee prices in Gia Lai province increased by 400 VND/kg and are trading at 121,200 VND/kg.
Meanwhile, in Lam Dong province, the price of coffee increased by 200 VND/kg to 120,500 VND/kg.
2024 was a successful year for Vietnam's coffee exports, with record revenues. However, unseasonal rains in Vietnam have delayed the 2024-2025 harvest, raising concerns about crop quality.
Accordingly, coffee prices today, both domestically and internationally, recorded significant increases, driving the trading floor into a sea of green. The news of rising coffee prices has eased the worries of many coffee farmers and given them more confidence in their production.
Domestic coffee prices are forecast to continue rising slightly due to the impact of coffee prices on the exchange.
World coffee prices today
Coffee prices on the world market are also subject to many fluctuations:
Robusta coffee (London):
March 2025 delivery: Down $60/ton, to $4,959/ton.
May 2025 delivery: Decreased by $53/ton, to $4,877/ton.
Arabica coffee (New York):
March 2025 delivery: Up 0.3 cents/lb, to 320.8 cents/lb.
May 2025 delivery: Up 0.5 cents/lb, to 317.8 cents/lb.
According to coffee market expert Nguyen Quang Binh, coffee is now an extremely essential commodity globally due to its widespread popularity. Coffee is grown in about 40 countries worldwide but consumed globally, making it very sensitive to price fluctuations.
Furthermore, because the US dollar is used for trading on the two main coffee exchanges, London and New York, fluctuations in the USD price and interest rates set by the US Federal Reserve (FED) both affect coffee prices.
With the US dollar, when prices rise, exporting countries will increase sales to take advantage of the exchange rate difference. Due to the increased sales volume, the price of coffee on exchanges, calculated in USD, will also decrease.
Regarding the future price trends of coffee, Mr. Nguyen Quang Binh said that previously, due to drought in Brazil and concerns about severe crop failure, prices rose very high. However, recently, Brazil and South America have experienced widespread rain, so while crop failure is predicted, it will not be as severe as previously forecast. This will help to cool down coffee prices.
