(HSV VIETNAM GROUP) - Coffee prices today January 3 recorded an increasing trend in the world market, domestic prices are quite stable, trading at 118,700 - 119,500 VND/kg.
World coffee prices
In the early morning of January 3 (Vietnam time), on the London floor, the price of Robusta coffee delivered in March 2025 was trading at 5,056 USD/ton, an increase of 181 USD/ton compared to yesterday. Futures for delivery in May 2025 traded at 4,997 USD/ton, an increase of 192 USD/ton compared to the previous trading session.
The price of Arabica coffee on the New York floor for delivery in March 2025 is trading at 326 cents/lb, up 7 cents/lb compared to a day ago. May 2025 delivery futures are at 322 cents/lb, up 8 cents/lb compared to early yesterday morning.
Domestic coffee prices
Coffee prices in the country today are trading at 118,700 - 119,500 VND/kg.
Specifically, today's coffee price in Dak Lak is trading at 119,500 VND/kg, an increase of 100 VND/kg compared to yesterday.
Today's coffee price in Lam Dong was purchased by traders at 118,700 VND/kg, unchanged compared to the previous trading session.
Similarly, today's coffee price in Gia Lai traded at 119,400 VND/kg, equal to yesterday's trading level.
Today's coffee price in Dak Nong traded at 119,500 VND/kg, unchanged compared to the trading level early yesterday morning.
Factors affecting coffee prices are weather, climate change, supply fluctuations and global inventories. The El Niño weather phenomenon, expected to last until 2025, could significantly affect major coffee producing regions such as Brazil, Colombia and Vietnam. Prolonged dry spells or excessive rainfall can reduce yields, limit supply and push prices higher. Low inventory levels in 2024 could persist into 2025, increasing pressure on prices.
Brazil is forecast to produce only 34.4 million bags of Arabica coffee in the next crop, putting the global coffee supply at risk of not meeting demand, leading to a shortage of 8.5 million bags in the 2025 - 2026 crop year. If this scenario occurs, this will be the 5th consecutive year of a deficit - something that has never happened in history.
Unseasonal rain in Vietnam continues to affect coffee harvesting and processing. According to local sources, 20-30% of the crop has yet to be harvested and there are concerns that rain could affect the quality of coffee beans. At the Asian International Coffee Conference in Ho Chi Minh City, the Vietnam Coffee and Cocoa Association Vicofa estimated Vietnam's 2024-2025 coffee production to be 28 million bags, an increase of 1 million bags compared to the previous forecast.
Ha Diem HSV