February 4, 2025 | 22:29 GMT +7
Hotline: 0913.378.918
February 4, 2025 | 22:29 GMT +7
Hotline: 0913.378.918
On the global market, both the London and New York exchanges remained steady on February 3.
In London, Robusta prices for March 2025 delivery slightly decreased by $ 16 (equivalent to 0.28%), settling at $ 5,718/ton. Meanwhile, the May 2025 contract increased by $ 15 (equivalent to 0.26%), reaching $ 5,694/ton.
On the New York exchange, Arabica prices for March 2025 delivery rose by 4.45 cents (equivalent to 1.19%), hitting 377.85 cents/lb. The May 2025 contract increased by 3.2 cents (equivalent to 0.87%), reaching 371.35 cents/lb.
Latest Arabica and Robusta prices on February 3, 2025
Global coffee prices remained stable today. Over the past week, both exchanges saw significant increases, with Robusta futures for March 2025 delivery rising by $ 174/ton and Arabica futures for March 2025 delivery increasing by 30.3 cents/lb.
According to experts, this year’s coffee production in Brazil, the world's largest coffee exporter, may not be as bad as initially feared. Abundant rainfall following last year’s most severe drought in history has significantly improved crop conditions.
However, experts believe Brazil’s 2025 crop may still be lower than in 2024 and remains far from the nearly 70 million bags recorded in 2020. Nevertheless, the situation is not as dire as some analysts feared when extreme drought late last year threatened fruit development.
Current estimates from traders and analysts suggest production might slightly decline compared to last year, but forecasts could be revised.
Thus, global coffee prices on February 3, 2025, remain unchanged from yesterday.
In the domestic market, coffee prices on February 3 remained stable compared to yesterday.
Latest domestic and global coffee prices on February 3, 2025
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at the same price of VND 127,800/kg.
In Dak Lak, Cu M'gar district is purchasing coffee at VND 128,800/kg today, while Ea H'leo and Buon Ho districts are trading at VND 128,700/kg.
In Dak Nong province, traders in Gia Nghia and Dak R’lap are buying at VND 129,000/kg and VND 128,900/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 128,800/kg, while Pleiku and La Grai remain at VND 128,700/kg.
Meanwhile, the coffee purchasing price in Kon Tum today is VND 128,800/kg.
Thus, the domestic coffee price on February 3, 2025, is trading around the range of VND 127,800 - VND 129,000/kg.
$ 1 = VND 25.110 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Despite efforts to liberalise rice imports and reduce tariffs, the agriculture department said, the domestic market has been slow to respond, with retail prices surpassing expectations.
(VAN) Live pig prices remain steady, ranging from VND 66,000 - 69,000/kg. In Quang Ninh, efforts are being made to protect livestock during the cold weather.
(VAN) Global arabica coffee prices hit record highs above $3.60 per lb as Brazil, by far the world's largest producer, has few beans left to sell and as worries over its upcoming harvest persist.
(VAN) It's a new year but virtually the same old retail prices for fertilizers.
(VAN) From the FAO Regional Office for Latin America and the Caribbean.
(VAN) Thus, pepper prices are expected to remain higher this year and surmount the aforementioned figure, as the production of pepper is anticipated to decrease while the demand remains steady.
