Coffee price today January 8, 2025: Slight increase, cautious speculators do not want to buy
Today's domestic coffee price, January 8, is at 120,300 - 121,000 VND/kg, a slight increase compared to yesterday. Speculators are cautious and have not yet spent money to buy goods for storage.
Domestic coffee prices today
Domestic coffee prices today in the Central Highlands region increased slightly from 300 to 500 VND/kg, fluctuating between 120,300 - 121,000 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 121,000 VND/kg. A slight increase of 500 VND/kg compared to yesterday.
Along with that, coffee price in Dak Lak province stood at 121,000 VND/kg, a slight increase of 500 VND/kg.
Similarly, coffee prices in Gia Lai province also increased by VND500/kg and were traded at VND120,800/kg.
In Lam Dong province, coffee prices increased by VND300/kg to VND120,300/kg.
The General Department of Customs reported that Vietnam's cumulative exports in the first two months of the current coffee crop year (October 2024 to September 2025) were 983,000 bags, down 36.61%, year-on-year.
The reported year-on-year decline in exports could be due to delays in harvesting, due to prolonged wet weather in the first two months of the season, while some other sources suspect that it is more likely due to a significant drop in production.
Although coffee prices have increased sharply, the coffee market is still affected by objective factors such as weather, epidemics and international trade policies.
These factors may make speculators cautious and reluctant to "spend money" to buy goods for storage due to concerns about the possibility of future price fluctuations.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
March 2025 delivery: Up 35 USD/ton, to 5,019 USD/ton.
Delivery in May 2025: Up 28 USD/ton, to 4,928 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Up 2.95 cents/lb, to 321.55 cents/lb.
May 2025 delivery: Up 3 cents/lb, to 318.5 cents/lb.
Mr. Do Ha Nam, Vice President of the Vietnam Coffee and Cocoa Association (Vicofa), said that the sharp increase in coffee export turnover was due to an unprecedented price fever in the first half of 2024.
In the 2023-2024 coffee crop year, due to forecasts of reduced output in many major producing countries, the market witnessed a continuous increase in export prices.
For the first time, the price of Robusta coffee on the London exchange is above 5,000 USD/ton, the price of Robusta coffee is higher than Arabica coffee while before it was always lower.
Domestically, coffee prices have also continuously peaked, reaching the highest level in the past 30 years and higher than export prices.
In the 2023-2024 crop year, the average export price of coffee will reach an average of 3,673 USD/ton, nearly 50% higher than in the 2022/2023 crop year. With this increase, coffee is currently the agricultural product with the strongest price increase among Vietnam's key agricultural export products.