As of 11:30 a.m. today (November 20), the domestic coffee market has reversed and dropped dramatically, averaging a decrease of VND800/kg, causing prices to fluctuate between VND113,000 - VND113,500/kg. The average coffee purchase price in the Central Highlands provinces is VND113,500/kg.
Coffee purchasing prices in the three provinces of Gia Lai, Dak Lak, and Dak Nong today were simultaneously set at 113,500 VND/kg, a sharp decrease of 800 VND/kg.
Meanwhile, Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to yesterday's closing price, the coffee price in this region stood at 113,000 VND/kg.
After the first two days of the week, domestic coffee prices continuously broke out, today, this domestic product has "turned around" and decreased by 800 VND/kg.
On the London and New York exchanges, the coffee market recorded a downward movement in all terms. The contract for delivery in January 2025 decreased by 1.67% (equivalent to 79 USD/ton), listed at 4,656 USD/ton. Similarly, the contract for delivery in March 2025 decreased by less than 13 USD/ton, currently standing at 4,609 USD/ton.
In the same direction, the developments in the New York Arabica coffee market for December 2024 and March 2025 delivery terms also recorded a decline of more than 0.30% compared to yesterday's closing session, currently standing at 281.30 cents/lb and 279.30 cents/lb.
Consulting firm StoneX predicts that Brazil’s coffee output in the 2024-2025 crop year will decrease by 0.4% compared to the current crop. This is mainly due to the decline in Arabica coffee due to the impact of drought. Accordingly, the South American country’s next Arabica coffee crop output will decrease by 10.5% compared to the previous crop, currently at 40 million 60-kg bags.
In Vietnam, concerns about uncertain harvest progress will affect export activities, even reducing output due to unsatisfactory grain quality.
Previously, due to the impact of the prolonged heat wave at the beginning of the year, analysts predicted that Vietnam's coffee output in the 2024-2025 crop could decrease by 10-15% compared to the 2023-2024 crop.
