As of 11:30 a.m. today (November 15), the domestic and international coffee markets continued to increase sharply, increasing by an average of VND2,800/kg, causing prices to fluctuate between 113,500 - 114,000 VND/kg. The average coffee purchase price in the Central Highlands provinces is 113,800 VND/kg.
Gia Lai province today purchased coffee at 113,700 VND/kg, an increase of 2,700 VND/kg.
In the same direction, Dak Lak province recorded a slight increase of 100 VND compared to Gia Lai region, currently listed at 113,800 VND/kg.
Despite a sharp increase of 2,700 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 stood at 113,500 VND/kg.
Notably, coffee prices in Dak Nong province still maintain the top position in the country, approaching the 115,000 VND/kg mark.
Domestic coffee prices today have surpassed the 110,000 VND/kg mark, setting a new peak in the past month.
On the London and New York exchanges, the coffee market continued to extend its green streak. At the end of the most recent trading session, the price of Robusta coffee in London far exceeded the 4,500 USD/ton mark. The January 2025 delivery term increased by more than 3% (equivalent to 145 USD/ton), listed at 4,777 USD/ton. The March 2025 delivery term also recorded an increase of 3.14% (equivalent to 143 USD/ton), currently standing at 4,695 USD/ton.
In the New York Arabica coffee market, the December 2024 delivery contract increased by 2.69% (equivalent to 7.30 cents/lb), standing at 278.95 cents/lb. The March 2025 contract recorded a remarkable increase compared to yesterday's closing session, currently standing at 279.40 cents/lb.
Despite the EU delaying the implementation of the EUDR by a year, the market continued to rise, driven by speculation in coffee prices and Brazilian farmers tightening supplies as the local currency weakened against the US dollar.
In the country, the harvest is still going on. Fears of labor shortages, theft, and falling prices have led many farmers in Dak Nong to harvest coffee at the same time when the fruit is not yet ripe, affecting the quality.
In previous years, the price of coffee picking was between 800 and 1,200 VND/kg of fresh coffee. But this year, the picking fee has increased to 1,500 VND/kg, and in areas where coffee is difficult to pick, the picking fee has increased to 1,800 VND/kg.
In order to achieve the highest quality products, the Department of Agriculture and Rural Development of Dak Nong has instructed localities and people to be proactive in terms of time and human resources. Accordingly, coffee is only harvested when the rate of ripe fruit reaches 80 - 90%. At the same time, farmers are not allowed to pick the whole bunch of coffee fruit mixed with leaves and small branches. The purpose is to ensure the quality of coffee branches reserved for the next crop.
