As of 11:30 a.m. today (November 12), the domestic and world coffee markets are similar, maintaining an average purchase price of VND 109,500/kg.
Dak Lak province today purchased coffee at 109,500 VND/kg, a sharp increase of 2,500 VND/kg.
Similarly, Gia Lai also recorded a surprising increase but less than 100 VND/kg, currently listed at 109,400 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to yesterday's closing price, the coffee price in this region has changed to 109,000 VND/kg.
Notably, coffee prices in Dak Nong province still maintain the top position in the country, currently fluctuating around 109,700 VND/kg.
On the London and New York exchanges, the coffee market was also covered in green. At the end of the most recent trading session, the price of Robusta coffee in London approached the 4,500 USD/ton mark. The January 2025 delivery term increased by more than 2% (equivalent to 100 USD/ton), listed at 4,476 USD/ton. The March 2025 delivery term also broke out around the 4,412 USD/ton mark.
In the New York Arabica coffee market, the December 2024 contract increased sharply by 2.85 cents/lb, standing at 256.20 cents/lb. The March 2025 contract recorded an increase of less than 0.10 cents/lb, currently standing at 255.85 cents/lb.
Lack of rain in Brazil and a drop in Vietnam’s October 2024 export figures have raised concerns in the market. Arabica coffee prices rose as hot and dry weather conditions persisted in Brazil’s largest Arabica coffee producing region, reducing productivity and output.
The increase in the world price of Robusta coffee will depend on the information about the sharp decrease in exports from Vietnam's supply. According to the report of the General Department of Vietnam Customs, in the first 10 months of the year, Vietnam's coffee exports decreased by 11.1% compared to the same period last year.
In the immediate future, the East Sea will see consecutive storms that may not cause major damage but bring rain during the harvest.
The Vietnam Coffee and Cocoa Association said that the coffee growing area is shrinking due to low coffee prices in previous years, affecting people's income, so people have switched to other crops.
