Coffee price on 03/25/2024: Highest at VND 95,000/kg

Coffee prices on March 25 in the world

In the world, the London and New York exchange prices on March 25 continued to move sideways.

In particular, Robusta's price on the London exchange for delivery in May 2024 remained at $ 3,358/ton. And the July 2024 delivery term is anchored at $ 3,264/ton.

On the New York exchange, Arabica's price for delivery in May 2024 is holding at 184.85 cents/lb. And the July 2024 delivery date is at 184 cents/lb.

World coffee prices today have no new fluctuations. Last week, the price of Robusta futures for May delivery increased by $ 50/ton, while the price of Arabica for May delivery increased by 1.9 cents/lb.

According to Nikkei Asia, the global spot price of this agricultural product is near record levels, driven by growing demand from China's middle class. Meanwhile, some major producers appear to be facing reduced output due to poor crop performance.

In addition to adverse weather such as high temperatures and drought in Southeast Asia caused by the El Nino phenomenon, some farmers are switching to growing other more effective crops such as durian, and rubber,... which is also the reason why coffee output is shrinking.

Currently, Robusta beans are cheaper than Arabica. Taisuke Horie - Director of the beverage department at trading company Marubeni said: “Some retailers are replacing Arabica with Robusta in an effort to avoid skyrocketing retail prices”.

“Growing demand is tightening Rbusta supply, leading to higher prices,” he added.

Thus, world coffee prices on 03/25/2024 simultaneously moved sideways compared to yesterday.

Coffee prices on March 25 in the country

The domestic market on March 25 had no new fluctuations compared to yesterday.

Specifically, in Lam Dong province, 3 districts of Di Linh, Bao Loc and Lam Ha are trading at the same level of VND 94,400/kg.

In Dak Lak, Cu M'gar district today is purchasing at VND 94,800/kg. Ea H'leo and Buon Ho districts are trading at a price of VND 94,700/kg.

In Dak Nong province, traders Gia Nghia and Dak R'lap are trading at VND 95,000 and VND 94,900/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 94,800/kg, while Pleiku and La Grai are both maintaining the price of VND 94,700/kg.

The purchasing price in Kon Tum today is VND 94,800/kg.

Domestic coffee prices today remain stable with the highest threshold reaching VND 95,000/kg. Last week, the domestic market price increased sharply by VND 1,600 - 1,800/kg.

Thus, the domestic coffee price on 03/25/2024 is trading around the threshold of VND 94,400 - 95,000/kg.