As of 11:30 a.m. today (December 27), the domestic coffee market continued to increase in price, with the current purchase price fluctuating between 121,500 - 122,300 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 122,100 VND/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, the coffee price in this region increased by 500 VND/kg, reaching the market price of 121,500 VND/kg.
Purchasing at a price 500 VND/kg higher, coffee prices in Gia Lai and Dak Lak provinces today continued to increase slightly to 122,000 VND/kg.
Notably, Dak Nong province is still ranked first among the provinces and cities with the highest coffee purchasing price in the country, holding steady at 122,300 VND/kg.
On the London and New York exchanges, the coffee market moved in opposite directions across all terms. On the London Robusta Coffee Exchange, coffee prices remained unchanged, moving away from the $5,000/ton mark. The contract for delivery in March 2025 remained unchanged at $5,041/ton. The contract for delivery in May 2025 remained unchanged at $4,953/ton.
Similarly, the New York Arabica coffee market ended its strong growth streak and made a shocking "turnaround" to decline. The March 2025 and May 2025 delivery terms both decreased by more than 1%, currently hovering at 324.65 cents/lb and 319.70 cents/lb.
Arabica coffee prices fell sharply as inventories rose and Brazil’s currency weakened against the dollar. After a recent rally to record highs, the weakening of the real continued to spur selling from producers in the top coffee-growing nation.
The recent rally to record highs coupled with a weakening Brazilian real continued to fuel selling from producers in the top coffee growing country despite reduced market activity, Reuters reported.
Supply in Vietnam due to rains in key coffee-harvesting areas of Vietnam helped the market maintain its upward momentum. However, coffee trading activity remained relatively quiet, while the harvest in the main growing areas was hampered by irregular rains.
