In 2024, Vietnam exported a total of more than 1.34 million tons of coffee of all kinds, a sharp decrease of 17.1% compared to 2023. However, due to high prices, the value of revenue reached a record of 5.6 billion USD, exceeding 32.5% compared to the previous record of 2023.
Coffee price today 13/1/2025
World coffee prices last week did not have much information affecting the market, although trading prices fluctuated but the results remained almost unchanged.
The coffee market in the second week of the year was in stark contrast to the first week. This week's summary shows that the price of robusta coffee futures for delivery in March 2025 decreased by 2 USD/ton, while the price of arabica coffee futures for delivery in March 2025 increased by 5.2 cents/lb. In the first week of 2025, the price of robusta coffee futures for delivery in March 2025 increased by 15 USD/ton, while the price of arabica coffee futures for delivery in March 2025 decreased by 4 cents/lb.
According to World & Vietnam , at the end of this weekend's trading session (January 10), the price of robusta coffee on the ICE Futures Europe London exchange for delivery in March 2025 decreased by 13 USD, trading at 4,966 USD/ton. The delivery in May 2025 decreased by 12 USD, trading at 4,879 USD/ton. Trading volume was low.
Arabica coffee prices on the ICE Futures US New York exchange continued to increase sharply, with the March 2025 delivery term up 5.35 cents, trading at 323.85 cents/lb. Meanwhile, the May 2025 delivery term increased 5.10 cents, trading at 319.80 cents/lb. Trading volume was high.
Below-normal rainfall in Brazil helped arabica coffee regain its gains this week. Dry weather in Brazil has supported arabica prices, after the Somar Meteorologia agency reported earlier this week that Brazil’s largest arabica growing region, Minas Gerais, received 62.5 mm of rain last week, or 86% of the historical average. Traders said last year’s dry weather in Brazil is expected to reduce the 2025/26 crop and could support coffee prices in the coming months.
Meanwhile, certified graded arabica stocks held on the New York Mercantile Exchange are said to have fallen by 415 bags last week to 980,543 bags. Robusta prices are also under pressure as certified stocks have started to build.
Except for being dominated by technical nature, the current coffee prices from the two markets are under different pressures and supports, while robusta coffee is in the peak harvest period in Vietnam thanks to good sunshine, the sales volume has also increased, we can see that through the pressure of domestic buying prices, which has decreased by about 1,500 VND/kg compared to last week (equivalent to a decrease of about 50 USD/ton), although the price on the London floor last week only dropped 2 USD.
Robusta coffee prices in the international market were under further pressure over the weekend after the General Department of Vietnam Customs reported that Vietnam’s December coffee exports increased by 102.6% year-on-year to 127,655 tons. However, this figure was still 38.5% lower than the same period in 2023.
Domestic coffee prices at the end of last week (January 11) decreased by 400 - 500 VND/kg in some key purchasing localities. (Source: doanhnhan.biz) |
Domestic coffee prices have been falling continuously since the beginning of the year, losing 1,500 VND/kg last week, and are now starting the new week at a price range of 118,300 - 119,000 VND/kg. In addition to the pressure of new crop supplies entering the market, the market is also affected by many market news, such as the news of Vietnam's December coffee exports mentioned above.
Domestic coffee prices at the end of last week (January 11) decreased by 400 - 500 VND/kg in some key purchasing localities. Unit: VND/kg
(Source: giacaphe.com) |
Vietnam - the world's largest producer and exporter of robusta coffee, is accelerating its coffee harvesting, processing and delivery to the domestic market, according to I&M Smith.
Vietnam’s lower year-on-year coffee exports reflect early shipments in the 2023-24 crop year, as well as weather-related delays in harvesting in the 2024-25 crop year. Commercialization of the current crop year is also lower than the year before, as financially stable producers release coffee to the domestic market at a moderate pace.
Commenting on the market this week, experts predict that the potential for arabica to increase is better than robusta. Technically, the New York floor is assessed to have good room for increase based on current factors. Currently, the floors are strongly dominated by financial hedge funds, so any change in supply/demand/weather factors will strongly affect the ups and downs of coffee.
According to experts at the Vietnam Coffee Growers Forum, technically, the current Arabica price is controlled within the reaction range of 328-329 Cents/lb and the support level is around 315 Cents. Meanwhile, the Robusta price is considered difficult to increase or decrease compared to the current price range of 4,989 USD/ton, at least until next week. Technically, there is no clear trend for Robusta, it can be said that this market is in a sideways phase.
The market is closely monitoring new crop supplies from Vietnam. The weather has been more favorable for harvesting activities. Supplies have increased sharply ahead of the Lunar New Year. However, traders also said that the 2024-2025 crop is still limited and trading activities after the holiday are still slow.
Coffee exports from Vietnam are improving significantly month-on-month, which could temporarily prevent coffee prices from spiking in the first quarter of 2025, before new tariffs and trade policies under President Trump are likely to take effect.
Source: https://baoquocte.vn/gia-ca-phe-hom-nay-1312025-gia-ca-phe-trong-nuoc-giam-lien-tiep-robusta-con-chiu-nhieu-ap-luc-du-bao-thi-truong-tuan-nay-the-nao-300672.html
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