Coffee prices on February 3, 2025: Holding at VND 129,000/kg

Coffee prices on February 3 globally

On the global market, both the London and New York exchanges remained steady on February 3.

In London, Robusta prices for March 2025 delivery slightly decreased by $ 16 (equivalent to 0.28%), settling at $ 5,718/ton. Meanwhile, the May 2025 contract increased by $ 15 (equivalent to 0.26%), reaching $ 5,694/ton.

On the New York exchange, Arabica prices for March 2025 delivery rose by 4.45 cents (equivalent to 1.19%), hitting 377.85 cents/lb. The May 2025 contract increased by 3.2 cents (equivalent to 0.87%), reaching 371.35 cents/lb.

Global coffee prices remained stable today. Over the past week, both exchanges saw significant increases, with Robusta futures for March 2025 delivery rising by $ 174/ton and Arabica futures for March 2025 delivery increasing by 30.3 cents/lb.

According to experts, this year’s coffee production in Brazil, the world's largest coffee exporter, may not be as bad as initially feared. Abundant rainfall following last year’s most severe drought in history has significantly improved crop conditions.

However, experts believe Brazil’s 2025 crop may still be lower than in 2024 and remains far from the nearly 70 million bags recorded in 2020. Nevertheless, the situation is not as dire as some analysts feared when extreme drought late last year threatened fruit development.

Current estimates from traders and analysts suggest production might slightly decline compared to last year, but forecasts could be revised.

Thus, global coffee prices on February 3, 2025, remain unchanged from yesterday.

Coffee prices on February 3 domestically

In the domestic market, coffee prices on February 3 remained stable compared to yesterday.

Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at the same price of VND 127,800/kg.

In Dak Lak, Cu M'gar district is purchasing coffee at VND 128,800/kg today, while Ea H'leo and Buon Ho districts are trading at VND 128,700/kg.

In Dak Nong province, traders in Gia Nghia and Dak R’lap are buying at VND 129,000/kg and VND 128,900/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 128,800/kg, while Pleiku and La Grai remain at VND 128,700/kg.

Meanwhile, the coffee purchasing price in Kon Tum today is VND 128,800/kg.

Thus, the domestic coffee price on February 3, 2025, is trading around the range of VND 127,800 - VND 129,000/kg.

$ 1 = VND 25.110 - Source: Vietcombank.