As of 1pm today (November 13), the domestic and international coffee markets continued their upward trend, increasing by an average of VND600/kg, causing prices to fluctuate between 110,100 VND - 110,400 VND/kg. The average coffee purchase price in the Central Highlands provinces is 110,300 VND/kg.
Similar to Gia Lai, Dak Lak province today purchased coffee at 110,300 VND/kg, a slight increase of 600 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to yesterday's closing price, coffee prices in this region have changed, increasing slightly by 300 VND/kg, standing at 110,100 VND/kg.
Notably, coffee prices in Dak Nong province still maintain the top position in the country, currently fluctuating around 110,400 VND/kg.
Domestic coffee prices today exceeded 110,000 VND/kg after a series of days approaching 100,000 VND/kg.
On the London and New York exchanges, the coffee market was covered in green. At the end of the most recent trading session, the price of Robusta coffee in London exceeded the 4,500 USD/ton mark. The January 2025 delivery term increased by more than 1% (equivalent to 61 USD/ton), listed at 4,537 USD/ton. The March 2025 delivery term also recorded an increase of 1.11% (equivalent to 49 USD/ton), currently standing at 4,461 USD/ton.
In the New York Arabica coffee market, the December 2024 contract increased more than the London Robusta coffee futures. The December 2024 contract increased by 2.87% (equivalent to 7.35 cents/lb), standing at 263.55 cents/lb. The March 2025 contract recorded similarities compared to yesterday's closing session, currently standing at 263.10 cents/lb.
World coffee prices today are on a strong upward trend due to unfavorable monetary factors as the USD remains at a high level.
Reports of storms and rain hitting key areas of Vietnam are increasing the threat of supply disruptions.
At the same time, Vietnam's low export figures in recent months have also pushed up coffee prices. As of October 2024, Vietnam's coffee exports reached 44,000 tons of coffee. In the first 10 months of the year, Vietnam exported 1.15 million tons, down 11.2% over the same period.
Slow exports from Vietnam have also tightened the global coffee market, supporting prices. Meanwhile, recent weather conditions in the two leading coffee exporting countries, Brazil and Vietnam, have raised concerns about the future of the upcoming harvest.
