In the early morning of November 15 (Vietnam time), the price of Robusta coffee on the London floor (UK) increased very strongly, with an increase of 3.05% – 3.16% compared to the previous day’s trading session, depending on the period. term.
In the coffee term delivered in January 2025, Robusta coffee price increased to 4,777 USD/ton, an increase of 145 USD/ton; Delivery term March 2025, Robusta coffee price increased to 4695 USD/ton, an increase of 143 USD/ton; The May 2025 term coffee price is at 4,623 USD/ton, an increase of 137 USD/ton and the July 2025 term is 4,544 USD/ton, an increase of 139 USD/ton.
Thus, after just over a week of Donald Trump being re-elected as US President for the 47th term, Robusta coffee prices have increased a total of 470 USD/ton.
Some experts believe that coffee prices have increased because of concerns that Donald Trump will increase taxes on imported goods, causing buyers to buy early to avoid taxes.
Vietnam’s Robusta coffee prices increased sharply again
In addition, due to the impact of drought in early 2024, Vietnamese coffee is forecast to have a crop failure, causing the market to continue to worry about supply shortages. In addition, changing crops and intercropping other crops in coffee gardens also causes coffee output to decrease.
However, there are also some coffee growing areas that have good yields this year thanks to irrigation water and farmers focusing on care. Therefore, Vietnam’s coffee output this year is still a mystery.
Another factor raised by Mr. Do Ha Nam, Vice President of the Vietnam Coffee and Cocoa Association (VICOFA), is that even though it is the main season, farmers do not sell out massively, so coffee prices stay high.
Consulting some coffee growers in the Central Highlands, we learned that depending on conditions, they will decide when to sell coffee.
Some gardens that do not have the conditions to dry coffee will sell fresh coffee immediately upon harvest, others will dry coffee in storage and sell about 10-20% of the output to cover harvesting and irrigation costs. water, the rest will be sold gradually.
Last season, many billionaire farmers also bought more coffee to store from the money from previously selling durian and pepper.
Last year, coffee’s price increased more than gold with an increase of up to 2 times and an increase of up to 3 times in just 2 years. Therefore, some people choose this as an investment channel with high profitability despite great risks.
Today’s coffee price in the domestic market will increase, exceeding 110,000 VND/kg.
