Coffee price today January 14, 2025: Coffee price drops to lowest level in a month
Today, January 14, domestic and international coffee prices have continuously dropped, at 114,700 - 115,500 VND/kg, a decrease of 2,700 to 3,000 VND/kg compared to yesterday. Except for Arabica coffee prices which increased to the highest level in 3 weeks.
Domestic coffee prices today
Domestic coffee prices today in the Central Highlands region dropped sharply from 2,700 to 3,000 VND/kg, fluctuating between 114,700 - 115,500 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 115,500 VND/kg. A sharp decrease of 2,700 VND/kg compared to yesterday.
Coffee price in Dak Lak province is 115,200 VND/kg, down 2,800 VND/kg compared to yesterday.
Coffee prices in Gia Lai province also dropped sharply by VND2,800/kg and were traded at VND115,200/kg.
In Lam Dong province, coffee prices decreased by VND3,000/kg, to VND114,700/kg.
Thus, after three consecutive days of decline, coffee prices in the domestic market are now at their lowest level in the past month.
The sharp drop in coffee prices has made many gardeners and coffee producers worried about the price drop ahead of the new year. At this time, people need to shop and spend a lot for the upcoming Tet holiday. At some gardens, early harvest took place at the end of November 2024, missing the coffee price at the time when the price peaked at 130,000 VND/kg.
According to the Vietnam Coffee and Cocoa Association, in recent years, the country's coffee market share (mainly Robusta) has decreased due to the conversion of crop areas. In Dak Lak, intercropping is common as durian trees bring outstanding economic efficiency. Meanwhile, the world's largest coffee producing country, Brazil, has increased the area of Robusta coffee because of better productivity and higher economic efficiency, contributing to boosting exports.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery March 2025: Down 30 USD/ton, to 4,872 USD/ton.
Delivery in May 2025: Down 22 USD/ton, to 4,804 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Down 1.25 cents/lb, to 324.7 cents/lb.
May 2025 delivery: Down 1.35 cents/lb, to 320.55 cents/lb.
Dry weather conditions in Brazil are supporting the rise in arabica coffee prices, after the Somar Meteorologia agency reported that Brazil's largest arabica coffee growing region, Minas Gerais, received just 29.6 mm of rain last week, equivalent to 31% of the historical average.
The main focus of the market remains on the size of the upcoming crop in Brazil, the world's top coffee producer, which is expected to depend on the extent of damage caused by drought last year, traders said.
It added that increased inventory on the exchange could help curb prices.
Arabica coffee prices rose to a three-week high. Robusta prices fell to a one-week low.