As of 11:30 a.m. today (January 16), the domestic coffee market suddenly increased again, increasing by an average of 1,600 VND/kg per session. Currently, the purchase price fluctuates between 115,600 - 116,300 VND/kg. The average coffee purchase price in the Central Highlands provinces today reached 116,100 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands, about 500 VND/kg higher than the average price. Compared to the series of consecutive declines in previous trading sessions, coffee prices in this region have reversed and increased sharply by 1,600 VND/kg, currently trading at 115,600 VND/kg.
In Dak Lak and Gia Lai, today's coffee purchase price is simultaneously anchored at 116,000 VND/kg, up 1,500 VND/kg and 1,600 VND/kg respectively.
Notably, Dak Nong still holds its position among the provinces and cities with the highest coffee purchasing price, listed at 116,300 VND/kg, the highest increase of 1,800 VND/kg.
On the London and New York exchanges, the coffee market moved in the same direction across all terms. On the London Robusta Coffee Exchange, coffee prices reversed and increased again, approaching the peak of 5,000 USD/ton. The contract for delivery in March 2025 increased by 1.01% (equivalent to 49 USD/ton), reaching 4,912 USD/ton. In the same direction, the contract for delivery in May 2025 increased by 1.25% (equivalent to 60 USD/ton), anchoring at 4,856 USD/ton.
Similarly, the New York Arabica coffee market recorded a large fluctuation after a series of sharp declines. The delivery terms for March 2025 and May 2025 both increased by more than 2%, reaching the market at 330.45 cents/lb and 326.05 cents/lb.
Information about the US inflation cooling down announced yesterday (January 15) helped coffee exchanges increase again, although the USD remained at a high level.
Freight rates are one of the factors driving up global coffee prices, experts say. The escalating conflict in the Red Sea, a vital route for coffee supplies from Asia to North America and Europe, has forced shipping lines to reroute, adding 10-14 days to shipping times and raising costs by about 60%.
The coffee market still depends on the progress of the harvest in Vietnam and the size of the upcoming crop in the leading producer Brazil. Good yields and high coffee prices in the domestic market have helped coffee growers earn a good income. Farmers have finished harvesting but are not in a hurry to sell, "waiting for prices" to increase before bringing them to the market.
