As of 11:30 a.m. today (December 24), the domestic coffee market has slightly increased, increasing by an average of VND200/kg per session, currently fluctuating between VND120,200 - VND121,000/kg. The average coffee purchase price in the Central Highlands provinces today is VND120,800/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands, with a difference of about 600 VND/kg compared to the average price. Compared to the closing price at the end of last week, coffee prices in this region increased slightly by 200 VND/kg, currently hovering at 120,200 VND/kg.
In the same afternoon, Gia Lai and Dak Lak provinces today announced coffee purchasing prices fluctuating around 120,700 VND/kg, both increasing 200 VND/kg compared to the same time yesterday (December 23).
Notably, the coffee price on the market in Dak Nong province has not changed much, remaining stable at 121,000 VND/kg.
On the London and New York exchanges, the coffee market is a mix of green and red. On the London Robusta coffee exchange, coffee prices are covered in red, approaching the $5,000/ton mark. The contract for delivery in March 2025 increased by 0.12% (equivalent to $6/ton), standing at $5,008/ton. The contract for delivery in May 2025 also increased by 0.02% (equivalent to $1/ton), trading at $4,935/ton.
On the other hand, the New York Arabica coffee market continued its upward trend. The March 2025 and May 2025 delivery periods were at 327.25 cents/lb and 321.85 cents/lb, up 0.69% and 0.80%, respectively.
According to the Vietnam Coffee and Cocoa Association (VICOFA), the coffee harvest is nearly 2 months late. The severe impact of climate change, heavy rains and cold weather has caused the coffee berries to ripen slowly. Meanwhile, farmers mainly harvest red-ripe coffee to achieve high yields, so the harvesting process is delayed.
Currently, the Central Highlands region has only harvested about 50% of the output, compared to this time every year, the harvesting process is almost complete. However, through initial surveys, the total amount of coffee harvested in Vietnam this year has not decreased much thanks to the regions taking the initiative to irrigate, contributing to increased productivity.
On the output side, besides traditional markets such as Europe, the US, and Japan, new markets such as China and ASEAN countries are also coffee export targets of the domestic market.
