In the early morning of September 27 (Vietnam time), the price of Robusta coffee on ICE Futures Europe (London, UK) matched at 5,527 USD/ton, 81 USD/ton higher than the previous day’s matched price for monthly delivery. 11. This is the highest price in the history of Robusta coffee on this floor, breaking a series of previously set records.
At the January 2025 delivery term, Robusta coffee prices increased even more sharply, up to 90 USD/ton, to 5,242 USD/ton.
At the March 2025 delivery term, the price of Robusta coffee increased to 93 USD/ton, to 5,029 USD/ton.
Quick chat with Newspaper reporter Laborer On the morning of September 27, Mr. Trinh Duc Minh, Chairman of the Buon Me Thuot Coffee Association (Dak Lak province), said that the main reason why coffee prices, especially Robusta, increased sharply is still due to the lack of supply in Large producing countries such as Brazil, Vietnam, Indonesia,…
Robusta coffee price could reach 6,000 USD/ton
In particular, in Vietnam, in previous years, output was regularly at 30-31 million bags (60 kg each), but in the past crop it was only 27.5 million bags and in the future it will continue to decrease as farmers tend to switch to crops with higher economic value, typically durian.
The 2024-2025 coffee crop is about to be harvested and is facing drought. It didn’t rain until May-June, but the rain was so little that the coffee beans weren’t large, so output was definitely reduced.
“The coffee shortage is real, pushing up coffee prices. These factors cannot be resolved in the short term, so next year it is possible that coffee prices will peak at 6,000 USD/ton” – Mr. Minh predicted.
Mr. Minh also added that the current coffee market has the active participation of speculators, causing market prices to sometimes not follow the normal rules of supply and demand.
In the domestic market, prices are currently only fluctuating slightly, in the range of 120,000 – 125,000 VND/kg and there are very few transactions due to the exhaustion of the old season’s supply, and the new coffee crop is still scarce because it will not be high until November. harvest point.
