According to the report of the Ministry of Agriculture and Rural Development, in January 2025, our country’s coffee exports only reached 140,000 tons, a sharp decrease of 41.1% over the same period last year, but the revenue value Back to 763 million USD, up 5%. The reason for the average price of coffee exported in January was estimated at 5,450 USD/ton, up 78.5% over the same period in 2024.
Notably, with $ 763 million in January, coffee officially overcome vegetables (400 million USD), aquatic products (750 million USD) to become the second highest export turnover. of agriculture, only behind wood and wood products (1.4 billion USD).
The Import and Export Department (Ministry of Industry and Trade) said that in January 2025, after adjusting slightly in the early days of 2025, the world coffee price was shown signs of recovery when the supply from the two main production countries Like Brazil and Vietnam limited sale. The coffee market is concerned about interrupting supply when Vietnam is preparing to enter the long -term Tet holiday.
Meanwhile, the price of Arabica coffee was supported when the Brazilian CEPEA research organization said that many coffee farmers in Brazil are delaying the sale with the expectation of the higher price.
Another positive factor for coffee prices is the move of Conab, the Agricultural Forecasting Agency of the Brazilian Government, which has estimated the Brazilian coffee production in 2024 to 54.2 million bags, reduced 1, 1 , 1% compared to the forecast of September 2024 is 54.8 million bags. In addition, the local currency of Brazil and Vietnam increased again against the USD that supported coffee prices.
Compared to many years, this year the harvest of Vietnam is much later. These factors are abnormal weather that makes the rainy season late, the left rain often appears, especially the storm No. 10 in the South China Sea at the end of December 2024, causing a large rainfall in the Central Highlands; At the same time, the coffee growers re -cultivate some new varieties later.
In the domestic market, at 11:20 am (10/2), the price of domestic coffee recorded the adjustment level decreased by VND 500/kg. Coffee prices in Dak Lak, Gia Lai and Dak Nong recorded at 129,000 VND/kg, down 500 VND/kg. Coffee prices in Lam Dong recorded at VND 128,000/kg, down 500 VND/kg.
Despite slightly reduced adjustments, domestic coffee prices remain high compared to the average for many years. The market is still affected by the situation of tightening supply when inventory in many main growing areas dropped sharply.
