Coffee price today March 3, 2025: Sharp decrease, ending 6 consecutive weeks of increase
Today's domestic coffee price on March 3 is at 127,500 - 129,500 VND/kg. Coffee prices fell sharply from 4,500 to 5,300 VND/kg last week, ending a streak of 6 consecutive weeks of increase.
Domestic coffee prices today
Domestic coffee prices in the Central Highlands today remained unchanged compared to yesterday, fluctuating between 127,500 - 129,500 VND/kg.
Accordingly, traders in Dak Nong province are purchasing coffee at the highest price of 129,500 VND/kg. No change compared to yesterday.
Similarly, coffee price in Dak Lak province is 129,500 VND/kg, unchanged from yesterday.
Coffee prices in Gia Lai province remained unchanged and were traded at 129,500 VND/kg.
In Lam Dong province, coffee prices remained unchanged at VND127,500/kg.
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Ending a streak of 6 consecutive weeks of increase, coffee prices in the Central Highlands region last week sharply decreased from 4,500 to 5,300 VND/kg compared to the previous week, down to 127,500 to 129,500 VND/kg.
Of which, coffee prices in Lam Dong province decreased the most last week, down to 5,300 VND/kg.
Coffee prices in other provinces such as Dak Nong, Dak Lak and Gia Lai have all decreased by 4,500 VND/kg and are being purchased at 129,500 VND/kg.
According to experts, in the short term, coffee prices may continue to decline slightly due to the remaining pressure on supply. The latest forecast shows that Robusta prices may fall by another 100-150 USD/ton if buying power does not return soon.
World coffee prices today
Coffee prices on the world market also fluctuate:
Robusta Coffee (London):
Delivery in March 2025: Down 46 USD/ton, to 5,330 USD/ton.
Delivery in May 2025: Down 47 USD/ton, to 5,290 USD/ton.
Arabica Coffee (New York):
March 2025 delivery: Down 0.55 cent/lb, to 373.05 cent/lb.
May 2025 delivery: Unchanged at 364.75 cents/lb.
Arabica coffee prices have fallen for two consecutive weeks, mainly due to the sharp depreciation of the Brazilian Real. Specifically, 1 USD was worth 5,689 BRL eight days ago, but by the end of last week, the exchange rate fell to 5,882 BRL/USD.
The continuous depreciation of the Real in eight trading sessions has prompted Brazilian farmers to increase sales, causing Arabica prices to plunge 16.2 cents to close at 373.05 cents/pound, down from 389.25 cents/pound last week.
Similarly, Robusta coffee prices also fell sharply. A week ago, Robusta was at $5,717/ton, but this week it fell to $5,330/ton, a loss of $387/ton.
Notably, the drop in coffee prices was not due to increased supply. In fact, Robusta inventories monitored by ICE fell to a two-month low of 4,247 bags on Friday, while Arabica inventories also hit a nine-and-a-half-month low of 758,514 bags on Tuesday.