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Vietnamese coffee sets many records in 2024; Coffee price forecast in 2025?

Việt NamViệt Nam01/01/2025


Coffee price today 1/1/2025

World coffee prices decreased in the last trading sessions of the old year 2024 and early 2025, the commodity market witnessed a quiet trading session and continued to adjust slightly down before the holiday due to weak trading activities and some year-end book-balancing activities.

However, for the full year of 2024, coffee is the commodity with the strongest price increase for the second consecutive year due to the global supply shortage. Robusta coffee futures for March 2025 ended 2024 with a gain of more than 70%. After 1 year, Robusta reached 4,875 USD/ton, Arabica reached 319.75 cents/lb.

Currently, the impact on the coffee market – the Brazilian Real has lost nearly 9% of its value against the USD since the beginning of December, encouraging Brazilian producers to increase sales on the international market. Meanwhile, in Vietnam, harvesting activities continue to be hampered by rain.

Domestic coffee prices on the last day of the old year (December 31, 2024) turned down by 700 - 800 VND/kg, down to 119,700 - 120,500 VND/kg. At the end of 2024, the price of green coffee beans in the Central Highlands - Vietnam's key coffee production area - fluctuated between 119,700 - 120,500 VND/kg, an increase of nearly 80% (about 52,000 VND/kg) over the past year. During the year, there was a time when domestic coffee prices reached an all-time high, exceeding 130,000 VND/kg.

Thanks to high prices, exports also had a brilliant year. The General Department of Customs said that coffee export turnover as of December 15 had reached 5.2 billion USD. This is the first time in the history of the Vietnamese coffee industry that coffee export turnover has exceeded the 5 billion USD mark in a year. High prices have made farmers excited and expect continued success in 2025.

Giá cà phê hôm nay 1/1/2025: Dự báo giá cà phê năm 2025
Domestic coffee prices at the end of the year trading session (31/2024) decreased by 700 - 800 VND/kg in some key purchasing localities. (Source: europosters.eu)

According to World & Vietnam , at the end of the first trading session of the week (December 30), the price of robusta coffee on the ICE Futures Europe London exchange for delivery in March 2025 continued to decrease by 32 USD, trading at 4,921 USD/ton. The delivery in May 2025 decreased by 29 USD, trading at 4,855 USD/ton. The average trading volume was low.

Arabica coffee prices on the ICE Futures US New York floor also decreased, with the March 2025 delivery period decreasing by 1.65 cents, trading at 321.00 cents/lb. Meanwhile, the May 2025 delivery period decreased by 0.65 cents, trading at 316.95 cents/lb. Average trading volume.

Domestic coffee prices at the end of the year trading session (31/2024) decreased by 700 - 800 VND/kg in some key purchasing localities. Unit: VND/kg

Average price

Medium

USD/VND exchange rate

25,221

+ 8

DAK LAK

120,300

– 700

LAM DONG

119,700

– 800

GIA LAI

120,300

– 700

DAK NONG

120,500

– 800

(Source: giacaphe.com)

For now, the market outlook is muted as investors await the Federal Reserve’s 2025 outlook report, due next week. Coffee prices are also under pressure from a stronger US dollar and improved ICE certified inventories.

Coffee prices have surged in 2024, supported by adverse weather in producing countries, especially the two largest producers, Brazil and Vietnam. Severe drought in Brazil, the world's largest coffee producer, has caused Arabica prices to surge to their highest level in more than 40 years.

So, coffee prices have been rising for quite some time, now reaching an all-time high according to Trading Economics. The global coffee market is at a major crossroads as it enters 2025, with unpredictable developments from supply, weather, to currency fluctuations. Will coffee prices continue to rise or is this a time for adjustment?

The “dominant factors” of the market in 2024, such as supply disruptions, climate change and geopolitical tensions, are the main reasons for the high prices, posing many interesting predictions for 2025. Experts are particularly concerned that the upcoming crop will still be heavily affected, increasing the pressure on global supply.

Coffee prices are expected to remain high in 2025, with significant volatility due to climate disruptions, supply chain challenges and changing demand dynamics. Both the arabica and robusta markets face tight supply conditions, ensuring strong prices in the short to medium term.

The coffee market in 2025 is forecast to remain vibrant, with a mix of risks and opportunities. Factors such as weather, currency fluctuations, and global supply and demand will determine the direction of coffee prices in the coming year. With many potential uncertainties, coffee is likely to continue to be one of the most notable commodities in the global commodity market.

Source: https://baoquocte.vn/gia-ca-phe-hom-nay-112025-ca-phe-viet-nam-ghi-nhieu-ky-luc-trong-nam-2024-du-bao-gia-ca-phe-nam-2025-299257.html


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