Domestic coffee prices forecast on January 6, 2025 to continue to decline

World coffee market

The price of Robusta coffee on the London floor updated at 3:30 p.m. on January 5, 2025 is still fluctuating between 4,727 - 4,968 USD/ton, unchanged from the previous day. Specifically, the delivery period for March 2025 is 4,968 USD/ton; the delivery period for May 2025 is 4,897 USD/ton; the delivery period for July 2025 is 4,817 USD/ton and the delivery period for September 2025 is 4,727 USD/ton.

Organic coffee garden of Dak Lak 2/9 Coffee Import-Export Company Limited. Photo: Danh Huu

Similarly, the price of Arabica coffee on the New York floor on the afternoon of January 5, 2025, remained unchanged compared to the previous day, fluctuating from 302.20 - 318.65 cents/lb. Specifically, the delivery period for March 2025 is 318.65 cents/lb, the delivery period for May 2025 is 314.90 cents/lb; the delivery period for July 2025 is 309.10 cents/lb and the delivery period for September 2025 is 302.20 cents/lb.

The price of Brazilian Arabica coffee on the morning of January 5, 2025 was updated as follows: The price fluctuated from 372.85 - 402.50 USD/ton. Specifically, the delivery period for March 2025 is 402.50 USD/ton; the delivery period for May 2025 is 392.25 USD/ton; the delivery period for July 2025 is 384.45 USD/ton; the delivery period for September 2025 is 372.85 USD/ton.

Domestic coffee price highest at 120,500 VND/kg

According to information from Giacaphe.com, at 3:30 p.m. today, domestic coffee prices remained unchanged compared to yesterday, remaining at an average of 120,300 VND/kg.

Coffee in Duc Trong district, Lam Dong province. Photo: Le Son

In the Central Highlands, Lam Dong province is still the locality with the lowest coffee purchase price at VND119,800/kg. On the contrary, Dak Nong continues to hold the position of the place with the highest coffee purchase price, reaching VND120,500/kg.

Specifically, coffee prices in the Central Highlands provinces are recorded as follows: Dak Nong: 120,500 VND/kg, Dak Lak: 120,300 VND/kg, Gia Lai: 120,200 VND/kg and Lam Dong: 119,800 VND/kg.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for farmers and coffee purchasing businesses.

Coffee price prediction tomorrow 6/1/202 5

Vietnam's coffee industry is facing major challenges as it enters the final months of 2024. Industry experts have expressed concerns about a sharp decline in coffee export volume, especially in the fourth quarter of 2024.

It is estimated that coffee export volume in the fourth quarter of 2024 will only reach about 160,000-170,000 tons. This figure is not only lower than previous months but also equal to the export volume of a December in previous years. This shows a serious downward trend in Vietnam's coffee supply.

Meanwhile, the global and domestic coffee markets are expected to continue to fluctuate, affected by various factors such as climate change, consumption demand and trade policy. To overcome these challenges, the Vietnamese coffee industry needs to make timely adjustments.

Experts recommend that the coffee industry should soon adjust its development strategy to maintain sustainable growth. Investing in technology and improving production processes can help improve coffee quality and output, thereby creating a competitive advantage in the international market.

In the short term, specifically tomorrow, January 6, 2025, experts predict that coffee prices may continue to decrease, predicting a decrease of about 400 - 700 VND/kg.

Source: https://congthuong.vn/du-bao-gia-ca-phe-trong-nuoc-ngay-612025-tiep-da-giam-368024.html