AsemconnectVietnam - According to Kinhtedothi, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, increased by 100 VND per kg to 120,300 –121,300 VND per kg on Wednesday compared to Yesterday.

Domestic Coffee Prices:
• Lam Dong Province: Coffee prices today are at 120,300 VND/kg in Di Linh, Lam Ha, and Bao Loc.
• Dak Lak Province:
o Cu M’gar: 121,000 VND/kg.
o Ea H’leo and Buon Ho: 120,900 VND/kg.
• Dak Nong Province:
o Gia Nghia: 121,300 VND/kg ( +300 VND/kg).
o Dak R’lap: 121,200 VND/kg( +300 VND/kg).
• Gia Lai Province:
o Chu Prong: 121,000 VND/kg( +300 VND/kg).
o Pleiku and La Grai: 120,900 VND/kg( +200 VND/kg).
• Kon Tum Province: 120,900 VND/kg( +100 VND/kg)..
The domestic coffee market continues to rise compared to yesterday.
Global Coffee Market:
Robusta continues to rise sharply, while Arabica saw a slight decrease. The depreciation of the US Dollar and concerns over supply disruptions from Vietnam during the Tet holiday have contributed to the increase in London coffee prices.
• Robusta (London):
o March 2025 contracts increased by $120/ton, reaching $5,263/ton.
o May 2025 contracts increased by $127/ton, reaching $5,217/ton.
• Arabica (New York):
o March 2025 contracts decreased by 0.55 cents/lb, down to 327.8 cents/lb.
o May 2025 contracts decreased by 0.65 cents/lb, down to 323.95 cents/lb.
Key Reasons for Price Trends:
1. Supply Disruption Concerns: Vietnam’s Tet holiday and a 5% drop in production for the current crop year.
2. US Dollar Depreciation: The Dollar Index (DXY) slightly decreased to 107.97.
3. Increased Stockpiling Demand: Countries are stockpiling in anticipation of the EU's EUDR regulations taking effect after December 30, 2024.
4. High Shipping Costs: Caused by rising tensions in the Red Sea.
Vietnam’s Coffee Export Performance in 2024:
• Export volume: 1.34 million tonnes (down 17.1% compared to 2023, the lowest in 9 years).
• Export revenue: $5.6 billion (up 32.5%, surpassing the previous record of $4.24 billion in 2023).
Global coffee prices are currently supported by various factors, including international demand and supply dynamics, as well as geopolitical uncertainties.
T.Huong
Source: Vitic