As of 11:30 a.m. today (January 13), the domestic coffee market continued its downward trend, with an average decrease of VND900/kg per session. The current purchase price fluctuates between VND117,700 and VND118,200/kg. The average coffee purchase price in the Central Highlands provinces today is VND118,100/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands, with a difference of about VND400/kg compared to the average price. Compared to the slight decrease last weekend, coffee prices in this region continued to plummet by VND600/kg, reaching the market price of VND117,700/kg.
Purchasing at a higher price than Lam Dong, coffee prices in Gia Lai and Dak Lak provinces today simultaneously set the mark of 118,000 VND/kg, down 800 VND/kg and 1,000 VND/kg respectively.
Notably, Dak Nong is still the leading province among the provinces and cities with the highest coffee purchasing price, anchored at 118,200 VND/kg, despite a price drop of 800 VND/kg.
On the London and New York exchanges, the coffee market remained stable across all terms. On the London Robusta Coffee Exchange, coffee prices remained unchanged, moving away from the peak of $5,000/ton. Contracts for delivery in March 2025 and May 2025 were listed at $4,966/ton and $4,879/ton, respectively.
Similarly, the situation in the New York Arabica coffee market did not record any changes. The delivery terms of March 2025 and May 2025 were simultaneously launched on the market at 323.85 cents/lb and 319.80 cents/lb.
According to the latest report by Embrapa Coffee, the total global coffee output reached 178 million bags in the period from October 2023 to September 2024, an increase of 5.82% over the same period last year. Of which, Arabica coffee reached 102.2 million bags, accounting for more than 57% of the total output; Robusta coffee reached 75.8 million bags, equivalent to nearly 43%.
In 2021, coffee exports only reached nearly 3 billion USD, so the coffee industry set an export target of 6 billion USD by 2030. The solution to achieve the goal is to improve coffee quality, increase deep processing and diversify the market.
However, with the current growth rate, the export milestone of 6 billion USD will be reached this year, 5 years ahead of schedule. The sudden increase in coffee prices has helped the coffee industry make a leap in export turnover.
