Coffee prices on January 10, 2025: Slight increase

Coffee prices on January 10 globally

Globally, the London and New York exchanges saw slight increases on January 10.

Specifically, Robusta prices on the London exchange for March 2025 delivery rose by $ 23 (0.46%), reaching $ 4,979/ton. Meanwhile, in May 2025 delivery increased by $14 (0.29%), standing at $ 4,891/ton.

On the New York exchange, Arabica prices for March 2025 delivery climbed by 2.05 cents (0.65%) to 318.50 cents/lb. May 2025 delivery also rose by 1.7 cents (0.54%), reaching 318.50 cents/lb.

Global coffee prices increased slightly today due to the Brazilian real reaching its highest level in 2.5 weeks, encouraging short covering in futures contracts.

The market continues to focus on the coffee harvest in Vietnam, the largest Robusta producer globally. While rains have slowed harvesting and raised concerns over quality, conditions appear to be improving.

Thus, global coffee prices on January 10, 2025, saw slight increases compared to yesterday.

Coffee prices on January 10 domestically

In Vietnam, the domestic coffee market rose slightly by VND 200 compared to yesterday.

In Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading uniformly at VND 118,500/kg.

In Dak Lak, Cu M'gar district is purchasing coffee at VND 119,500/kg, while Ea H'leo and Buon Ho districts are trading at VND 119,400/kg.

In Dak Nong, traders in Gia Nghia and Dak R'lap are trading at VND 119,700 and VND 119,600/kg, respectively.

In Gia Lai, Chu Prong district is trading at VND 119,500/kg, with Pleiku and La Grai districts maintaining the same price of VND 119,500/kg.

In Kon Tum, coffee is being purchased at VND 119,500/kg today.

Domestic coffee prices today slightly rebound, bringing this agricultural product closer to the VND 120,000/kg mark.

In 2024, global coffee prices continuously set new records, primarily due to concerns over supply shortages from major exporting countries like Vietnam and Brazil, caused by unfavorable weather conditions.

Additionally, the surge in speculative buying by hedge funds, rising tensions in the Red Sea driving up sea freight costs, and nations increasing stockpiles ahead of Europe enforcing EUDR after December 30, 2024, are key factors contributing to the sharp rise in coffee prices.

Thus, as of January 10, 2025, domestic coffee prices are trading around VND 118,500 - 119,700/kg.

$ 1 = VND 25.168 - Source: Vietcombank.