Domestic coffee prices today
Domestic coffee prices today, August 1, in the Central Highlands region continued to increase, fluctuating between 99,500 - 99,700 VND/kg.
Accordingly, traders in Lam Dong province (formerly Dak Nong ) are purchasing coffee at 99,700 VND/kg. A sharp increase of 1,700 VND/kg compared to yesterday.
Similarly, coffee price in Dak Lak province is 99,700 VND/kg, an increase of 1,700 VND/kg compared to yesterday.
Coffee prices in Gia Lai province increased by VND1,700/kg compared to yesterday and were traded at VND99,500/kg.
In Lam Dong province, in Ward 1, Bao Loc, Hoa Ninh Commune, Duc Trong Commune, and Dinh Van Lam Ha Commune, coffee prices increased by VND2,200/kg compared to yesterday and are at VND99,500/kg.
Today, when the US reciprocal tariffs take effect, market information becomes even more agitated. Notably, the US is likely to exclude coffee and some non-domestic products to avoid affecting the supply chain and consumers.
From July 1, Vietnamese coffee exporters must temporarily pay an additional 5% VAT instead of being subject to 0% tax immediately. They will be refunded later, but this causes cash flow difficulties, especially when coffee prices are high.
The Vietnam Coffee and Cocoa Association (VICOFA) proposed to remove green coffee from the list of products subject to 5% VAT due to complicated tax refund procedures but low efficiency, as 85% of Vietnam's coffee output is for export.
World coffee prices today
On the London exchange, the online price of robusta coffee futures contract for September 2025 delivery closed this morning's trading session on August 1 at 3,375 USD/ton, down 1.06% (36 USD/ton) compared to yesterday's trading session; the futures contract for November 2025 delivery decreased 1.23% (31 USD/ton), to 3,304 USD/ton.
On the New York Stock Exchange, compared to yesterday, the price of Arabica coffee futures for September 2025 delivery increased by 1.14% (3.35 US cents/pound), to 296.75 US cents/pound; the December 2025 futures contract increased by 1.08% (3.1 US cents/pound), to 289.95 US cents/pound.
The United States – the world’s largest coffee consumer – could face higher costs if import tariffs are imposed. This is expected to reduce consumer demand, putting pressure on Arabica coffee prices.
In Brazil, the world’s largest producer of Arabica, the weather is showing signs of improvement. Minas Gerais state recorded 200% above average rainfall, easing concerns about drought and contributing to lower prices. Citigroup forecasts a surplus of 6.1 million bags in the 2025-26 crop year, thanks to increased output from Brazil, Vietnam and Indonesia. This will continue to put downward pressure on prices in the long term.
Robusta stocks on ICE reached 7,029 lots (a one-year high), while Arabica stocks fell to 775,476 bags (a three-and-a-half-month low). This difference reflects the different trends between the two coffees.
Source: https://baonghean.vn/gia-ca-phe-hom-nay-1-8-2025-tang-sat-muc-100-000-dong-10303612.html
Comment (0)