April 14, 2025 | 15:21 GMT +7
April 14, 2025 | 15:21 GMT +7
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Domestic coffee prices today, February 12, slightly decreased compared to yesterday but remain at a record high recorded in the Central Highlands provinces. The average transaction price ranges from VND 129,800 to 130,800/kg, down VND 200/kg from the previous session.
Specifically, coffee prices in different localities are as follows:
This is the highest price ever recorded in the domestic market. According to experts, the main reason for this record price is the limited supply following the Lunar New Year holiday, along with farmers holding back sales in anticipation of higher prices. Additionally, rising demand from export companies amid fluctuating global coffee prices has also contributed to pushing domestic prices to record levels.
Coffee prices on February 12, 2025: Strong increase in the domestic market, mixed movements globally
On the global market, coffee prices showed a slight decline after a strong rally, particularly for Arabica. However, prices remain high due to concerns over global supply.
Robusta coffee prices (London): Robusta prices on the London exchange saw a slight decrease of $ 18 – 35/ton compared to the previous session. Specifically:
Despite the decline, Robusta prices remain high due to supply constraints in major producing countries such as Vietnam and Brazil.
Arabica coffee prices (New York): Arabica prices on the New York exchange fell sharply after 13 consecutive sessions of gains. Specifically:
The main reason for the decline was profit-taking by speculators after Arabica prices hit record highs. However, prices remain elevated due to ongoing drought concerns in Brazil, the world's largest Arabica producer.
Global market outlook:
$ 1 = VND 25.350 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) It’s eaten with almost every meal, used to make sushi, made into sweets, fermented into alcohol and offered to the spirits at religious ceremonies.
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