Domestic coffee price on January 2, 2025 decreased to 119,400 VND/kg

World Coffee Market Update

Coffee prices today January 2, 2025 on the world market, at 4:30 am updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).

People in Gia Lai check the quality and dryness of coffee after drying. Photo: Hien Mai

Coffee prices at the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe during the trading hours of the exchange, updated as follows:

London Robusta coffee price on January 2, 2025 remained unchanged from the previous trading session.

On January 1, entering the 2025 New Year holiday, the floors temporarily stopped operating. Therefore, the price of Robusta coffee on the London floor updated at 4:30 a.m. on January 2, 2025 was still fluctuating between 4,641 - 4,875 USD/ton. Specifically, the delivery period for March 2025 was 4,875 USD/ton; the delivery period for May 2025 was 4,805 USD/ton; the delivery period for July 2025 was 4,727 USD/ton; the delivery period for September 2025 increased by 4,641 USD/ton.

Arabica coffee prices in New York on January 2, 2025 remained unchanged from the previous trading session.

Similarly, the price of Arabica coffee on the New York floor on the morning of January 2, 2025, also fluctuated from 302.00 - 319.75 cents/lb. Specifically, the delivery period for March 2025 is 319.75 cents/lb; the delivery period for May 2025 is 314.85 cents/lb; the delivery period for July 2025 is 308.45 cents/lb and the delivery period for September 2025 is 302.00 cents/lb.

Brazilian Arabica coffee price on January 2, 2025

Meanwhile, the price of Brazilian Arabica coffee on the morning of January 2, 2025 was updated as follows: The price fluctuated from 374.35 - 400.00 USD/ton. Specifically, the delivery period in March 2025 was 400.00 USD/ton; the delivery period in May 2025 was 394.95 USD/ton; the delivery period in July 2025 was 388.00 USD/ton and the delivery period in September 2025 was 374.35 USD/ton.

Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day) Vietnam time. Arabica coffee traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day) Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 – 02:35 (next day) Vietnam time.

Coffee garden of people in Lien Hiep commune, Duc Trong district, Lam Dong province. Photo: Le Son

Domestic coffee prices continue to fall

According to information from Giacaphe.com, updated coffee prices at 4:30 a.m. today, January 2, 2025, domestic coffee prices decreased by an average of 119,400 VND/kg, down -900 VND/kg compared to yesterday's trading session.

The highest coffee purchase price in key regions of the Central Highlands was recorded at 119,500 VND/kg. Specifically, today's coffee price in Dak Lak was 119,400 VND/kg, down -900 VND/kg; coffee price in Lam Dong was 118,700 VND/kg, down -1,000 VND/kg; coffee price in Gia Lai today was 119,400 VND/kg, down -900 VND/kg and coffee price in Dak Nong today was 119,500 VND/kg, down -1,000 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 you.

Domestic coffee price list updated at 4:30 a.m. on January 2, 2025

Vietnam is one of the world's largest coffee exporters, especially Robusta coffee, which accounts for 90% of the country's coffee production. The main coffee growing regions include the Central Highlands provinces of Dak Lak, Gia Lai, Lam Dong and Dak Nong.

According to the latest statistics, the total world coffee supply is currently about 165 million bags, while the total demand is about 168 million bags, leading to a shortage of about 3 million bags. Coffee consumption increases by about 2.5% per year. Due to the influence of many reasons, including the reason that speculators continuously take profits, coffee prices have been on a downward trend in recent trading sessions.

Another important piece of information is that although global coffee production is expected to increase in the coming time, Vietnam, on the other hand, is facing the risk of a decrease in production, but domestic coffee prices remain high, reflecting stable consumption demand and competitiveness in the international market.

Source: https://congthuong.vn/gia-ca-phe-trong-nuoc-ngay-212025-giam-con-119400-dongkg-367400.html