Coffee prices today February 9, 2025: Massive reduction domestically and internationally
Today's domestic coffee price, February 9, is at 128,500 - 129,500 VND/kg. Continued decrease of 1,000 VND/kg compared to yesterday. Arabica and Robusta coffee prices decreased slightly but still above 4 USD/pound.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands today slightly decreased compared to yesterday, fluctuating between 128,500 - 129,500 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 129,500 VND/kg. A slight decrease of 1,000 VND/kg compared to yesterday.
Coffee price in Dak Lak province is 129,500 VND/kg, down slightly 1,000 VND/kg compared to yesterday.
Coffee prices in Gia Lai province decreased by VND1,000/kg and were traded at VND129,500/kg.
In Lam Dong province, coffee prices decreased by VND1,000/kg and reached VND128,500/kg.
The recent surge in coffee prices could push up retail prices in the coming months and dampen demand, Bloomberg reported, citing Andrea Illy, chairman of Italian coffee roaster Illycaffè SpA.
Asked whether retail prices could rise as much as 20-25% in the coming months, Illy told Bloomberg TV that “it is possible.” He also said the sharp price increases have hit demand in major markets and are starting to slow consumption growth in emerging economies.
Illy warned that soaring coffee prices could cause consumers to cut back on their coffee consumption. He attributed the recent price spike to a lack of information about future supplies and short-term speculation.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Down 72 USD/ton, down to 5,561 USD/ton.
Delivery in May 2025: Down 82 USD/ton, down to 5,564 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 0.4 cent/lb, to 404.35 cent/lb.
May 2025 delivery: Down 0.4 cent/lb, to 396.7 cent/lb.
Traders said the market was being weighed down by concerns about tight supplies from top producers Brazil and Vietnam, along with the risk that the Trump administration could impose trade tariffs on major coffee producers in South America.
The threat that coffee may have to change shipping routes due to tariffs comes amid an already struggling logistics industry.
“In today’s market: ‘Spot coffee is gold, in-transit is silver, and FOB (free on board) is lead,’” said Tomas Araujo, coffee broker at StoneX.
However, high prices are starting to attract coffee stocks to ICE. ICE data shows that the number of bags awaiting assessment has increased by 130,156 bags in the last five sessions.
