As of 11:30 a.m. today (December 4), the domestic coffee market has dropped dramatically, with an average sharp decrease of VND1,000/kg, causing prices to fluctuate between VND107,000 - VND108,500/kg. The average coffee purchase price in the Central Highlands provinces is VND108,200/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to the closing price yesterday (December 3), coffee prices in this region have dropped sharply by VND1,000/kg, currently standing at VND107,000/kg.
In the same direction, coffee purchasing prices in Gia Lai and Dak Lak provinces today ranked second on the chart with a decrease of 1,000 VND, listed at 108,000 VND/kg.
Notably, Dak Nong firmly holds the leading position in the province and city with the highest coffee purchasing price in the country, setting the mark of 108,500 VND/kg.
The domestic coffee exchange continued its downward trend, returning to the mid-November level (equivalent to VND107,000/kg). Since the beginning of this week (December 2), domestic coffee prices have decreased by VND14,000/kg.
On the London and New York exchanges, the coffee market continued to decline across all tenors. The January 2025 contract fell 4.30% (equivalent to 208 USD/ton), standing at 4,626 USD/ton. The March 2025 contract fell less than 0.10%, remaining at 4,604 USD/ton.
Similarly, the price of Arabica coffee in New York for delivery in December 2024 and March 2025 simultaneously decreased to around 295.50 - 293.65 cents/lb.
In just the last 3 trading sessions, Robusta coffee prices on the London exchange have dropped by 939 USD/ton (equivalent to a decrease of 23.6 million tons). Since the historic peak (November 29), this is considered the trading session with the fastest rate of decline ever.
In Vietnam, the weather is receiving cold air and rain, so the coffee harvest in the Central Highlands is late, instead of peaking in November, this year it peaks in December.
According to experts, coffee prices will continue to fluctuate strongly in the coming time and it is difficult to predict whether the price will increase or decrease. Just 1 week ago from November 25, coffee prices continuously reached the top but this week's trading session was interrupted by a deep decline. Therefore, experts cannot advise to "buy in" to store more or sell coffee at this time. However, with this coffee price, investors should not speculate because of the high risk.
