As of 11h today (28.10), the domestic and world coffee markets reversed sharply in the first session of the week against the closing level, dropping VND800 / kg on average, causing prices to fluctuate between 108,500 - 109,100 VND / kg. The average purchase price of coffee in the Central Highlands provinces is VND109 ,000 / kg.
Similar to Gia Lai province, Dak Lak province has reversed sharply to 800 dong / kg, now buying at 109,000 dong / kg.
Meanwhile, Lam Dong remains the province with the lowest purchasing price of coffee in the Central Highlands region as it dropped nearly VND1,000 per kilogram. Compared to yesterday's closing level, coffee prices in the region are now anchored at VND108,500 per kilogram.
On the same afternoon, although Dak Nong Province recorded a deep drop to VND900 / kg, now standing at VND109 ,100 / kg, it is still the province with the highest purchasing prices in the country today.
Thus, domestic coffee prices in the first session of the week saw a sharp reversal, causing the average price of the first week to exactly VND109,000 / kg.
Contrary to the domestic markets, London and New York exchanges are covered by green. At the end of the last session, the price of Robusta coffee in London approached the peak of $ 4,500 / ton. The term for November 2024 increased by 1.71% (equivalent to $ 74 / ton), reaching $ 4,411 / ton. In the same direction, the term for January 2025 increased by almost 1.5% (equivalent to $ 57 / ton), listed at $ 4,323 / ton.
On the New York exchange, Arabica coffee contracts for December 2024 stayed the same with an increase of 2.95 cents / lb, reaching 248.40 cents / lb. March 2025 contracts remained unchanged from yesterday's close, now standing at 247.50 cents / lb.
The coffee season 2024-2025 has started right from the beginning of October, the price of Robusta coffee on the London exchange has fallen by about $ 1,000 per tonne compared to the peak of late September.
In the world markets, the Brazilian Real continued to fall further, causing the USD/BRL rate to rise, calculated during trading hours. Favorable weather in Brazil and abundant supply from the new harvest in Vietnam, continue to be factors that caused coffee prices to fall over the past week.
In Vietnam, Typhoon Tra Mi - Typhoon No. 6 has weakened into a low - pressure area on the inland coastal area of Quang Nam - Da Nang. As of dawn this morning, rainfall in the area from Ha Tinh to Quang Nam has been heavy to very heavy with a total common rainfall of 100-300mm, some places with rainfall of over 500mm.
Where there is heavy rain to very heavy is also the area of Robusta coffee production, especially in the North of the Central Highlands directly adjacent to Quang Nam province. This will also affect more or less the new coffee crop is harvesting that the price of this item will have many fluctuations in the coming time.
