Coffee price today March 9, 2025: Continue to decrease
Today's domestic coffee price, March 9, is at 129,000 - 129,800 VND/kg. Coffee prices continue to decrease by 500 - 700 VND/kg compared to yesterday. Robusta and Arabica coffee prices plummet, trading is quiet due to supply pressure.
Domestic coffee prices today
Domestic coffee prices today, March 9, 2025, in the Central Highlands region continued to decrease compared to yesterday, fluctuating between 129,000 - 129,800 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 129,800 VND/kg. A decrease of 700 VND/kg compared to yesterday.
Similarly, coffee price in Dak Lak province is 129,800 VND/kg, down 700 VND/kg compared to yesterday.
Coffee prices in Gia Lai province decreased by VND700/kg and were traded at VND129,600/kg.
In Lam Dong province, coffee prices decreased by 500 VND/kg and are at 129,000 VND/kg.
The sharp rise in coffee prices over the past three years has been a boon for farmers and coffee holders. But for some businesses, it has been a nightmare.
Recently, two major Brazilian coffee exporters belonging to the Montesanto group had to file for bankruptcy protection due to serious financial difficulties. The main reason was that the coffee price skyrocketed, farmers "broke the deal", did not supply coffee at the agreed price but chose to sell to the market at a higher price. This caused businesses to suffer huge losses when they were forced to buy coffee at high prices to fulfill previously signed low-price contracts.
In Vietnam, contract violations also occurred in the previous coffee crop, although not as severe as in Brazil. When coffee prices increased too much, the supply chain was broken, many businesses could not fulfill their contracts and had to go to court to resolve disputes.
Learning from previous incidents, this year, Vietnamese coffee exporters have adjusted their strategies, not signing long-term contracts but only signing short-term contracts to ensure business efficiency and minimize risks.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in May 2025: Down 74 USD/ton, to 5,353 USD/ton.
Delivery in July 2025: Down 68 USD/ton, to 5,318 USD/ton.
Arabica Coffee (New York):
May 2025 delivery: Down 2.75 cents/lb, to 384.4 cents/lb.
July 2025 delivery: Down 0.15 cent/lb, to 377.4 cent/lb.
The weekend session continued the sharp decline from the previous day due to forecasts of rain in Brazil. According to Somar Meteorologia, Brazil will have showers from this weekend to next week, helping to ease the long-standing drought.
Robusta coffee was also affected by a report from the General Statistics Office of Vietnam. Accordingly, Vietnam's coffee exports in February increased by 6.6% compared to the same period last year, reaching 169,000 tons. In addition, weather forecasts also show that rain will appear every day next week in the Central Highlands - the largest coffee growing region in Vietnam, putting further pressure on Robusta coffee prices.
Robusta coffee inventories rose to a one-month high on Friday, reaching 4,356 lots, becoming a negative factor for the coffee variety's prices.
Technically, Robusta coffee prices are currently trading within a support range of $5,270/ton and a resistance range of $5,600/ton. If prices break out of this range, the market could see significant volatility.
