In the international market, coffee prices continue to increase sharply on both major trading floors, London and New York. Robusta coffee prices set a new peak, while Arabica also recorded the highest increase in recent weeks.
On January 23, on the London floor, the price of Robusta coffee delivered in March 2025 traded at 5,426 USD/ton, an increase of 163 USD/ton compared to yesterday. Futures for delivery in May 2025 are at 5,401 USD/ton, up 184 USD/ton compared to yesterday.
Robusta coffee prices continued to increase for the third consecutive session, due to concerns about supply disruption as Vietnam – the world’s largest Robusta producer and exporter – is about to enter the long Lunar New Year holiday.
The price of Arabica coffee on the New York floor for delivery in March 2025 is at 341 cents/lb, an increase of 14 cents/lb compared to the previous trading session. The price for delivery in May 2025 is at 337 cents/lb, up 14 cents/lb compared to yesterday.
According to the Vietnam Commodity Exchange (MXV), in addition to concerns about supply, the USD/BRL exchange rate (BRL – Brazilian currency) is also the main reason pushing up Robusta and Arabica coffee prices.
The new administration of US President Donald Trump has taken power but will not immediately implement strict tariffs as previously predicted. This has caused the BRL to increase in value and the USD to fall sharply.
In yesterday’s trading session, the exchange rate (USD/BRL) recorded a decrease of 0.64%. Narrow exchange rate differences may cause farmers in Brazil to limit coffee sales due to earning less foreign currency, reducing the amount of coffee exported to the world.
Coffee prices increased sharply. Illustration photo: IT.
In the domestic market, on January 23, coffee prices also continued to increase sharply. Some key coffee growing localities all recorded an increase of 2,000 – 2,200 VND/kg. Currently, the purchasing price of coffee ranges from 121,500 to 124,500 VND/kg.
Coffee price list today January 23 in key regions of the Central Highlands and the South
|
Area |
Today’s price (VND/kg) |
Change (VND/kg) |
|
Dak Lak (Cu M’gar) |
124,200 |
+2,200 |
|
Dak Nong (Gia Nghia) |
124,500 |
+2,000 |
|
Gia Lai (Chu Prong) |
124,200 |
+2,200 |
|
Lam Dong (Di Linh) |
123,500 |
+2,200 |
Domestic coffee prices have increased rapidly for 3 consecutive days, reflecting the excitement of the market in the context of limited supply and high consumption demand before the Lunar New Year holiday.
According to Mr. Nguyen Nam Hai, Chairman of the Vietnam Coffee – Cocoa Association (VICOFA), more than 70% of the coffee area across the country has been harvested and will reach about 90% of the area before the Lunar New Year. Right from the beginning of the season, many experts estimated that output would decrease by 10-15% compared to the same period of the previous crop year, but at this point we can be optimistic that output will only decrease slightly by about 5%.
Domestic coffee prices are forecast to continue to increase slightly in the coming days, especially when supply from Vietnam slows down due to the Lunar New Year holiday.
In the international market, Robusta coffee prices will likely maintain their upward momentum thanks to stable demand and limited supply.
According to preliminary statistics, in just the first 15 days of 2025, businesses exported nearly 73,820 tons of green coffee, earning nearly 400 million USD (nearly 10,000 billion VND). Notably, although coffee exports decreased by 23% in volume, they increased sharply by 41% in value compared to the same period last year.
