As of 11am today (October 25), the domestic and world coffee markets have fallen sharply compared to the closing price, down an average of VND1,200/kg, causing prices to fluctuate between VND108,400 - VND108,800/kg. The average coffee purchase price in the Central Highlands provinces is VND108,700/kg.
Similar to Gia Lai province, Dak Lak province also reduced prices by 1,200 VND/kg, currently purchasing at 108,600 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, coffee prices in this region continued to fall to 108,400 VND/kg.
Dak Nong province also recorded a sharp decrease, currently standing at 108,800 VND/kg, down 1,200 VND/kg.
Thus, domestic coffee prices immediately reversed and decreased sharply after yesterday's trading session, slightly increasing by 200 VND/kg.
For the world market, the London and New York exchanges were in red. At the end of the most recent trading session, Robusta coffee prices in London were further and further away from the peak of 4,500 USD/ton. The November 2024 delivery period fell sharply by nearly 3% (equivalent to 114 USD/ton), reaching 4,358 USD/ton. On the other hand, the January 2025 delivery period fell by 2.39% (equivalent to 106 USD/ton), listed at 4,337 USD/ton.
On the New York Stock Exchange, the price of Arabica coffee for December 2024 delivery fell sharply by 6.90 cents/lb, reaching 245.45 cents/lb. The contract for March 2025 delivery decreased by less than 0.30 cents/lb, standing at 244.45 cents/lb.
Vietnam’s new harvest has pushed coffee prices close to VND100,000/kg recently. In addition, forecasts of rain over the weekend in coffee growing areas have also continued to push prices down, despite a cooling dollar and a slight appreciation of the Real.
Colombia, Central America and Mexico are now in the early stages of the new crop year from October 2024 to September 2025, according to trader I&M Smith, which is also the region that is about to be accelerated, where high-quality washed coffee is harvested.
Although there are still concerns about labor shortages and labor costs for the upcoming Arabica harvests, due to the increasing migration trend to the North, weather conditions are generally favorable for harvesting activities of this type of coffee.
Meanwhile, the decision to delay the implementation of the European Union Deforestation Regulation (EUDR) has been adopted but needs to be approved by Parliament. The vote by Parliament is expected to take place in mid-November 2024. If there is a high majority, the new implementation date will be 30 December 2025.
