As of 11:30 a.m. today (November 26), the domestic coffee market continued to break out, increasing by an average of VND1,400/kg, causing prices to fluctuate between VND120,300 - VND121,400/kg. The average coffee purchase price in the Central Highlands provinces is VND121,300/kg.
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 stood at 120,300 VND/kg, although the strongest increase was 1,500 VND/kg.
In the same direction, the coffee purchasing price in Gia Lai and Dak Lak provinces today was listed at 121,300 VND/kg, up 1,300 VND/kg and 1,400 VND/kg respectively.
Notably, Dak Nong today firmly holds the position of having the highest coffee purchasing price in the country, increasing by 1,400 VND/kg, setting the mark at 121,400 VND/kg.
The domestic coffee exchange continues its series of unexpected increases. Up to this point, the domestic coffee price has increased by more than 11,000 VND/kg, surpassing the peak of 120,000 VND/kg.
On the London and New York exchanges, the coffee market changed simultaneously after a day of stagnation in all terms. The contract for delivery in January 2025 increased by more than 2% (equivalent to 125 USD/ton), standing at 5,110 USD/ton. The contract for delivery in March 2025 was listed at 5,036 USD/ton, up 2.30% (equivalent to 113 USD/ton).
Similarly, developments in the New York Arabica coffee market for December 2024 and March 2025 delivery terms increased by over 2.50%, currently standing at 304.80 cents/lb and 302.25 cents/lb.
The poor harvest outlook in Brazil has inadvertently pushed up Arabica coffee prices. Although rains have recently arrived, the previous dry spell has left serious damage.
Below-average rainfall since April has affected coffee trees during the flowering stage, dampening prospects for Brazil's 2025.26 Arabica crop.
USDA's Foreign Agricultural Service (FAS) recently forecast Brazil's 2024-2025 coffee production at 66.4 MMT, lower than USDA's previous forecast of 69.9 MMT.
The USDA FAS also estimated Brazil’s coffee inventories at 1.2 million bags at the end of June for the 2024.25 crop year, down 26% from the previous crop year. Additionally, heavy rains in Costa Rica have caused a national emergency and destroyed nearly 15% of the country’s annual coffee harvest, according to estimates by the coffee institute ICAFE.
