Coffee prices on January 3, 2025: Global coffee prices surge

The domestic and global coffee markets on January 3, 2025, recorded many positive developments, with coffee prices increasing significantly on both major exchanges. This is a promising signal for the Vietnamese and global coffee industries as the new year begins. Below is a detailed summary of domestic and global coffee prices, along with trend analysis.

Coffee prices on January 3 domestically

In the domestic market, coffee prices continued to rise slightly in some localities, especially in Dak Lak, while other areas remained stable. Purchasing prices ranged from VND 118,700/kg to VND 119,500/kg, specifically:

• Dak Lak: VND 119,500/kg (an increase of VND 100/kg compared to yesterday).
• Lam Dong: VND 118,700/kg (unchanged).
• Gia Lai: VND 119,400/kg (unchanged).
• Dak Nong: VND 119,500/kg (unchanged).

Prolonged rainfall in the Central Highlands – Vietnam's largest coffee-growing region – has made harvesting and drying coffee more challenging. However, prices remain high due to increased demand and limited supply.

In 2024, the global coffee market faced challenges with reduced production in both major exporting countries, Brazil and Vietnam. Some analysts have warned of the risk of a global coffee shortage for the fifth consecutive year, potentially driving coffee prices even higher in 2025.

In Dak Nong, although export volume fell short of targets due to reduced demand, a significant increase in coffee prices boosted export revenue to $ 280 million, up 70.6% compared to 2023. Major companies such as Olam Vietnam, Intimex Dak Nong, and Hong Duc actively enhanced coffee processing and exports to key markets like Singapore, Spain, Germany, Japan, and South Korea.

Coffee prices on January 3 globally

On the global market, coffee prices continued to rise sharply on both major exchanges, London and New York. This marks a significant increase during the first trading session of the new year.

Robusta coffee prices (London):

• March 2025: Up $ 181/ton (+3.71%), to $ 5,056/ton.
• May 2025: Up $ 172/ton (+3.58%), to $ 4,977/ton.
• July 2025: Up $ 165/ton (+3.49%), to $ 4,892/ton.

Arabica coffee prices (New York):

• March 2025: Up 7.10 cents/lb (+2.22%), to 326.85 cents/lb.
• May 2025: Up 7.25 cents/lb (+2.30%), to 322.10 cents/lb.
• July 2025: Up 7.70 cents/lb (+2.50%), to 316.15 cents/lb.

$ 1 = VND 25.220 - Source: Vietcombank.