As of 11:30 a.m. today (December 2), the domestic coffee market continued to decline, with an average decrease of 1,000 VND/kg, causing prices to fluctuate between 128,500 VND - 129,500 VND/kg. The average coffee purchase price in the Central Highlands provinces is 129,200 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to the closing price yesterday (December 1), coffee prices in this region have dropped sharply by 1,000 VND/kg, currently standing at 128,500 VND/kg.
In the same direction, coffee purchasing prices in Gia Lai and Dak Lak provinces today ranked second on the chart with a decrease of 1,000 VND, listed at 129,000 VND/kg.
Notably, Dak Nong has held the leading position in the province and city with the highest coffee purchase price in the country for many days, setting the mark of 129,500 VND/kg.
The domestic coffee exchange today broke the upward trend that has lasted for more than a week. Up to this point, domestic coffee prices have decreased by 2,000 VND/kg.
On the London and New York exchanges, the coffee market remained unchanged across all terms. Contracts for delivery in January 2025 and March 2025 remained unchanged at $5,409/ton and $5,377/ton, respectively.
Similarly, the developments in the New York Arabica coffee market for December 2024 and March 2025 delivery terms remained unchanged from yesterday's closing session, currently standing at 318.05 cents/lb and 315.50 cents/lb.
Last year, coffee prices were mainly driven by Robusta, as countries that produce this type of coffee were affected by drought and extreme weather. However, this year, as Vietnam’s coffee season begins, Arabica is the dominant coffee variety.
Despite the decline, coffee prices remain high overall. Delays in Robusta exports from Vietnam, where the crop is not favorable, have contributed to the price increase. Increased demand due to the winter in the Northern Hemisphere has further accentuated the upward trend.
