As of 11:30 a.m. today (November 17), the domestic coffee market has slightly decreased, an average decrease of 200 VND/kg, causing prices to fluctuate between 112,800 - 113,400 VND/kg. The average coffee purchase price in the Central Highlands provinces is 113,700 VND/kg.
Gia Lai province today purchased coffee at 113,100 VND/kg, down 100 VND/kg.
In the same direction, Dak Lak province recorded a decrease of more than 100 VND compared to Gia Lai region, currently listed at 113,200 VND/kg.
Lam Dong is still the province with the lowest coffee purchase price in the Central Highlands. Compared to yesterday's closing price, the coffee price in this region stood at 112,800 VND/kg.
Notably, coffee prices in Dak Nong province still maintain the top position in the country despite a slight decrease of 200 VND/kg, approaching the mark of 113,400 VND/kg.
After a series of consecutive days of strong increases, domestic coffee prices today have returned to nearly 110,000 VND/kg.
On the London and New York exchanges, the coffee market continued to extend its green streak, except for the January 2025 delivery period, which decreased by 0.08% (equivalent to 4 USD/ton), listed at 4,773 USD/ton. The March 2025 delivery period still recorded a slight increase of 0.09% (equivalent to 4 USD/ton), currently standing at 4,699 USD/ton.
In the New York Arabica coffee market, the December 2024 delivery contract increased by 1.02% (equivalent to 2.85 cents/lb), standing at 281.80 cents/lb. The March 2025 contract also recorded an increase compared to yesterday's closing session, currently standing at 283.30 cents/lb.
Major coffee-producing countries such as Brazil, Colombia and Indonesia are struggling due to adverse weather conditions and rising production costs.
Lower harvests and lower exports could put downward pressure on global supplies.
According to the Vietnam Coffee and Cocoa Association (VICOFA), Vietnam's coffee harvest season is mainly from early November to late December. This is the time when most countries have no harvest or very little yield. This is also a great opportunity to attract world customers to choose Vietnamese Robusta coffee.
Although Vietnam's main crop production will increase and prices may fluctuate, Vietnamese coffee has certain advantages to expect better prices than previous years.
