Coffee prices on December 31: Slight increase of VND 200/kg

On December 31, 2024, domestic coffee prices saw a slight increase, while global coffee prices continued to decline on both the London and New York exchanges. The coffee market is currently influenced by several factors, including weather conditions, rising inventories, and exchange rate fluctuations. Below are detailed updates on domestic coffee prices, the global market, and projected trends for the near future.

Coffee prices on December 31 domestically

Domestic coffee prices today increased slightly by approximately VND 200/kg compared to the previous day. Purchase prices ranged from VND 120,500 to 121,200/kg, with Dak Nong continuing to hold the highest position.

Detailed coffee prices in key provinces:

• Dak Lak: Coffee prices in Cu M’gar district and Buon Ho town reached VND 121,000/kg, up VND 200/kg.
• Dak Nong: The highest price in the country at VND 121,200/kg in Gia Nghia town and Dak R’lap district.
• Lam Dong: Districts such as Di Linh, Lam Ha, and Bao Loc recorded prices at VND 120,500/kg, up VND 200/kg.
• Gia Lai: Purchase prices in Chu Prong district reached VND 121,000/kg, while other areas like Pleiku and La Grai recorded VND 120,900/kg.
• Kon Tum: Coffee prices in Dak Ha and Ngoc Hoi districts ranged from VND 120,900/kg.

Unseasonal rains in Vietnam's Central Highlands are disrupting coffee harvesting and processing. According to sources, approximately 20-30% of the coffee crop remains unharvested, raising concerns about the quality of coffee beans.

Coffee prices on December 31 globally

On the global market, coffee prices continue to decrease on both major exchanges, London and New York.

Robusta coffee prices (London):

• March 2025 contract: Down by $ 32/ton, now at $ 4,921/ton.
• May 2025 contract: Down by $ 29/ton, now at $ 4,855/ton.
• July 2025 contract: Down by $ 38/ton, now at $ 4,776/ton.

Arabica coffee prices (New York):

• March 2025 contract: Down by 1.65 cents/lb, now at 321.00 cents/lb.
• May 2025 contract: Down by 0.65 cents/lb, now at 316.95 cents/lb.
• July 2025 contract: Slightly up by 0.70 cents/lb, now at 311.75 cents/lb.

$ 1 = VND 25.221 - Source: Vietcombank.