As of 2 p.m. today (November 6), the domestic and international coffee markets both increased slightly, an average increase of 600 VND/kg, causing prices to fluctuate between 106,500 - 107,000 VND/kg. The average coffee purchase price in the Central Highlands provinces is 107,000 VND/kg.
Coffee purchasing prices in the three provinces of Dak Lak, Dak Nong and Gia Lai today increased by 600 VND/kg, currently fluctuating around 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, an increase of 600 VND/kg.
The domestic coffee trading session at the beginning of the week witnessed a sharp decline in prices, however, by mid-week positive signals quickly returned. After a series of deep declines, coffee prices reversed and returned to nearly 110,000 VND/kg.
On the London and New York exchanges, the coffee market unexpectedly rebounded. At the end of the most recent trading session, the January 2025 and March 2025 delivery periods both increased by 54 USD/ton, to 4,372 USD/ton and 4,303 USD/ton, respectively.
In the New York Arabica coffee market, contracts for delivery in December 2024 and March 2025 remained unchanged from yesterday's closing session, currently standing at 242.95 cents/lb and 242.40 cents/lb.
According to the Agricultural Research Service of the University of Sao Paulo (Brazil), rains in key coffee-producing regions in October created favorable conditions for the flowering of the crop, which contributed significantly to increasing producers' expectations for the 2025-2026 crop.
In fact, coffee plants have been affected by high temperatures and lack of rain for nearly six months in some areas, so many farmers in Brazil are still worried about the development of flowers.
The poor 2023-24 crop, high prices and low yields have led to a high sell-off rate this year, leaving inventories tight, raising concerns about coffee supplies until the next crop.
After Brazil, Vietnam is the second largest coffee producer and is among the top five agricultural products with the highest export turnover of the year. In the first half of this year, coffee exports reached 1 million tons, earning nearly 2.4 billion USD.
The Central Highlands, especially Gia Lai province, has outstanding output and value. The volatile coffee market and frequent changes in coffee prices have caused many challenges for farmers, buyers, processors, exporters, importers and retailers.
