Domestic Coffee Prices Decrease Despite‍ Global Market Increase

Today’s domestic coffee price (September 18) tends to decrease by 600-700 ⁣VND/kg while the world market⁢ increases slightly, ⁤partly due to high demand for coffee at the ‌end of the year.

Today’s domestic coffee price (September 18) decreased by 600 – 700 VND/kg, fluctuating⁢ between 122,800 – 123,500⁢ VND/kg, in⁤ which Dak Nong, Dak Lak, Gia Lai, Kon Tum‍ provinces are the localities purchasing coffee at the highest level.

Specifically, the coffee purchase price in Gia Lai ⁢province (Chu Prong) is 123,200 VND, down 600 VND/kg compared to⁤ yesterday, in Pleiku and La Grai the same price is 123,100 VND/kg.

In Kon Tum province, coffee was traded at 123,200 VND/kg, down 600 VND/kg compared‍ to yesterday. ​In Dak Nong province, coffee⁢ was purchased at 123,200 VND/kg, down 600 VND/kg‌ compared to yesterday.

The price of green coffee beans (coffee beans, fresh coffee beans) in⁤ districts such as Bao Loc, Di Linh, Lam Ha (in Lam Dong province) was purchased at 122,800 VND/kg, down 700 ⁢VND/kg compared⁢ to yesterday.

In Dak Lak province, in Cu M’gar ⁤district, coffee was purchased at about 123,200 VND/kg,⁢ down 600 VND/kg, while in Ea H’leo district, ‌Buon Ho town, it was purchased at 123,100 VND/kg.

Global Coffee Market‌ Trends

At the end of the ⁤most recent trading session, Robusta coffee prices on the ⁤London​ floor​ were trading at ​4,692⁤ – 5,303 tons. Specifically, the November 2024 delivery⁢ period was 5,303 USD/ton, up 57 USD/ton;⁤ the January⁢ 2025 delivery period was 5,040‍ USD/ton, ​up 63 USD/ton; the March 2025 delivery ⁤period was 4,835 USD/ton, up 78 USD/ton‍ and the May 2025 delivery period was 4,692⁤ USD/ton, up 73 USD/ton.

Arabica coffee prices on the​ New York‍ floor increased⁢ by 5.95 – 6.25 cents/lb. Specifically, the‌ December 2024⁤ delivery period is⁢ 264.50 ‌cents/lb,⁣ up 2.3%; the March 2025 delivery period is⁤ 262.35 ​cents/lb‍ (up 2.44%); the May 2025 delivery period is 259.85 cents/lb (up 2.44%) and the July 2025 delivery period is 256.60 (up 2.44%).

Market Analysis​ and Forecast

Explaining the recent sharp increase in world coffee prices, some businesses said that the end of ⁤the year is the time when coffee consumption demand increases while⁣ raw materials are still scarce, so prices are pushed up.

Forecasting ⁣coffee‌ prices in ⁣the coming season when⁣ the harvest begins in October, many businesses believe that⁣ prices will stay at current ‌levels or higher and will‌ hardly decrease. This is also the price ‍that⁢ processing businesses plan and finalize output orders.

Vietnam’s Coffee Exports

According to the General Department of Customs, Vietnam’s coffee exports ⁢in August⁣ reached ‌76,214 ⁢tons, worth ⁢402.2 ​million USD, down 9.9% in volume but up sharply 55.8% in value compared to the‌ same period in 2023.