As of 11:30 a.m. today (December 7), the domestic coffee market has increased dramatically, increasing by an average of 6,000 VND/kg per session, currently fluctuating between 125,000 - 126,300 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 126,100 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to the closing price yesterday (December 6), coffee prices in this region increased the most by 6,500 VND/kg, standing at 125,000 VND/kg.
In the same direction, coffee purchasing prices in Gia Lai and Dak Lak provinces today ranked second on the chart, increasing by 6,000 VND/kg, simultaneously listed at 126,000 VND/kg.
Notably, Dak Nong has always maintained a stable performance, firmly holding the leading position in the province and city with the highest coffee purchasing price in the country, setting the mark of 126,300 VND/kg.
On the London and New York exchanges, the coffee market continued to rise in all terms. The contract for delivery in January 2025 increased by a whopping 5.27% (equivalent to 258 USD/ton), standing at 5,153 USD/ton. The contract for delivery in March 2025 increased by less than 0.28%, remaining at 5,116 USD/ton.
Similarly, developments in the New York Arabica coffee market for delivery terms in December 2024 and March 2025 simultaneously skyrocketed around 330.25 - 327.60 cents/lb (up nearly 5.40%).
The 2024-2025 coffee crop is approaching its peak, with 25%-30% of production already harvested but only 10% sold due to volatile market prices. Analysts expect 50% of production to be harvested by December 2024.
For some exporters such as Simexco DakLak and some businesses, they are no longer interested in participating in the market. Actual demand is recorded at a slow level and businesses need a large amount of capital to maintain. According to estimates, businesses need 2 billion USD to buy about 30% of Vietnam's early-season coffee output.
With the current unpredictable coffee market, businesses need to manage risks and focus on safety criteria to ensure business efficiency at the end of the year. With coffee prices continuously reaching new peaks like now and an estimated output of 1.6-1.8 million tons/year, the value of the Vietnamese coffee industry has surpassed the 8 billion USD mark.
