DAILY: Vietnamese coffee prices increased sharply on February 6, 2025
Thursday, February 6,2025
AsemconnectVietnam - On Thursday, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, increased sharply by 2,200 VND per kg to 129,800 - 130,700 VND per kg compared to Yesterday, according to Kinhtedothi.
Concerns over supply in the world's two largest coffee-producing countries, Brazil and Vietnam, have pushed coffee prices to new highs.
In Di Linh, Lâm Hà, and Bảo Lộc (Lâm Đồng), today's coffee price is being purchased at 129,800 VND/kg.
In Cư M’gar district (Đắk Lắk), coffee is priced at 130,500 VND/kg. In Ea H’leo and Buôn Hồ districts (Đắk Lắk), coffee is being bought at 130,400 VND/kg.
Similarly, in Đắk Nông province, coffee is purchased at 130,700 VND/kg in Gia Nghĩa and 130,600 VND/kg in Đắk R’lấp.
In Gia Lai province, coffee prices are at 130,500 VND/kg in Chư Prông, while in Pleiku and La Grai, it is at 130,400 VND/kg.
Meanwhile, in Kon Tum province, coffee is being bought at 130,500 VND/kg.
The domestic coffee market continues to rise compared to yesterday.
At the close of the latest trading session, Robusta coffee prices in London for March 2025 delivery increased by $85/ton to $5,643/ton, while May 2025 delivery rose by $98/ton to $5,646/ton.
On the New York exchange, Arabica coffee prices for March 2025 delivery increased by 14.4 cents/lb to 397.75 cents/lb, while May 2025 delivery rose by 13.25 cents/lb to 390.65 cents/lb.
Coffee prices on both exchanges continue to rise, with Arabica surging sharply, repeatedly setting new records. Arabica has now risen for the 10th consecutive session, reaching new all-time highs as roasters strive to secure supply.
The Department of Import and Export under the Ministry of Industry and Trade cites experts stating that rising shipping costs are one of the reasons for the global coffee price surge. Severe port congestion in Brazil has caused significant logistical difficulties at export ports.
Additionally, concerns over supply in the two largest coffee-producing nations, Brazil and Vietnam, have driven prices to record highs.
The Industrial and Trade Information Center (VITIC) under the Ministry of Industry and Trade further reports that the market is worried that U.S. President Donald Trump may impose trade tariffs on South American countries, which are key coffee producers.
At such high coffee prices, fundamental factors become less significant. Speculators will continue to drive prices up. Many investors will be drawn to coffee after witnessing what happened with cocoa and the price surge they previously missed. This has led to Arabica prices continuously rising for 10 straight sessions.
T.Huong
Source: Kinhtedothi
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