As of 11:30 a.m. today (November 8), the domestic and international coffee markets have both increased dramatically, with an average increase of 2,600 VND/kg, causing prices to fluctuate between 108,500 VND - 108,700 VND/kg. The average coffee purchase price in the Central Highlands provinces is 108,600 VND/kg.
Similar to Dak Lak province, Gia Lai today purchased coffee at around 108,500 VND/kg, an increase of 2,500 VND/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 have now reached 108,000 VND/kg, an increase of 2,500 VND/kg.
Notably, Dak Nong province had the strongest increase of 2,700 VND/kg, up to 108,700 VND/kg.
The domestic coffee trading session at the end of the week witnessed a sharp increase in prices. After a day of red, coffee prices reversed and approached the 110,000 VND/kg mark.
On the London and New York exchanges, the coffee market is in the green. At the end of the most recent trading session, the January 2025 delivery period increased by 179 USD/ton, currently listed at 4,486 USD/ton. The March 2025 delivery period of Robusta coffee increased by less than 3 USD/ton, currently standing at 4,424 USD/ton.
In the New York Arabica coffee market, the December 2024 contract increased by nearly 5% (equivalent to 11.65 cents/lb), fluctuating around 260.40 cents/lb. The March 2025 contract recorded a sharp increase compared to yesterday's closing session, currently listed at 259.75 cents/lb (up 4.72%).
Coffee prices on both exchanges increased by more than 4%, while the USD turned to decrease again. Arabica coffee prices were supported by concerns that unusual drought in Brazil could affect the country's coffee production.
Meanwhile, Robusta coffee prices are rising as heavy rains in Vietnam could flood coffee farms. Heavy rains in Vietnam’s main coffee-producing region have had a significant impact on the crop.
However, the price increase will be limited by strong sales from Brazil. Preliminary government data shows that the country's green coffee exports in October increased 12% compared to the same month last year, reaching a total of 4.65 million bags. Attractive prices have boosted sales by Brazilian producers, leading to a strong increase in domestic coffee consumption in Brazil, which currently consumes around 22.5 million bags per year.
Brazil exported 15.64 million bags in the first four months of the current crop year (July-October), up 18.75% year-on-year, despite congestion at the country's ports.
