As of 2:00 p.m. today (November 9), the domestic and international coffee markets are similar, with an average decrease of VND1,500/kg, causing prices to fluctuate between VND106,500 - VND107,200/kg. The average coffee purchase price in the Central Highlands provinces is VND107,100/kg.
Similar to Dak Lak, today Gia Lai province's coffee prices decreased by 1,500 VND/kg, all purchased at 107,000 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands. Compared to yesterday's closing price, the coffee price in this region has now reached 106,500 VND/kg, down 1,500 VND/kg.
Notably, coffee prices in Dak Nong province are the highest in the country, currently fluctuating around 107,200 VND/kg.
The domestic coffee trading session at the beginning of the week witnessed "dizzying" increases and decreases. After 2 days of sharp increases up to 2,500 VND/kg, coffee prices returned to low levels at the end of the week.
On the London and New York exchanges, the coffee market was also in the red. At the end of the most recent trading session, the price of Robusta coffee in London approached the $4,000/ton mark. The January 2025 delivery term decreased by more than 2% (equivalent to $110/ton), listed at $4,376/ton. The March 2025 delivery term also decreased by 2.40% (equivalent to $106/ton), currently standing at $4,318/ton.
In the New York Arabica coffee market, the December 2024 contract fell more sharply than the London Robusta coffee futures, down 7.05 cents/lb, standing at 253.35 cents/lb. The March 2025 contract recorded a reversal compared to yesterday's closing session, currently standing at 253.10 cents/lb.
The main reason for the change in coffee prices is that the US dollar has turned green again. In recent days, the coffee market has been fluctuating according to the fluctuations of the US dollar. When the greenback increases, coffee prices will decrease and vice versa.
In addition, the information about increased exports is also currently affecting the price of this item. Information about the market and the weather situation today has not had a strong impact on the market. The situation of coffee harvesting in Vietnam is closely monitored by experts and businesses participating in the market.
However, coffee prices will still be supported somewhat by concerns that Typhoon Yinxing could bring rain to key coffee-producing areas in Vietnam, disrupting the harvest.
