Coffee prices on January 14, 2025: Domestic prices drop sharply

Coffee prices on January 14 globally

On the global market, the London and New York exchanges showed mixed movements on January 14.

Specifically, Robusta prices on the London exchange for March 2025 delivery dropped by $ 64 (equivalent to 1.29%), settling at $ 4,902/ton. Meanwhile, in May 2025 delivery decreased by $ 53 (equivalent to 1.09%), reaching $ 4,826/ton.

On the New York exchange, Arabica prices for March 2025 delivery rose by 2.1 cents (equivalent to 0.65%), reaching 325.95 cents/lb. Similarly, May 2025 delivery also increased by 2.1 cents (equivalent to 0.66%), standing at 321.9 cents/lb.

Global coffee prices experienced mixed movements on January 14, 2025, with London marking a second consecutive decline due to negative impacts from last Friday's data.

Data from the General Department of Vietnam Customs revealed that Vietnam's coffee exports in December surged, doubling the previous month to reach 127,655 tons. However, this figure remains 38.5% lower than the same period in 2023.

Meanwhile, on the New York exchange, Arabica prices continued their upward trend, buoyed by reports of drought in Brazil. Meteorological agency Somar Meteorologia reported that Brazil's largest Arabica-growing region, Minas Gerais, received only 29.6mm of rain last week, equivalent to 31% of the historical average.

Traders noted that the market's main focus remains on the scale of Brazil's upcoming harvest, which is expected to depend heavily on the damage caused by last year's drought. They also added that increasing exchange stock levels could help restrain prices.

Thus, global coffee prices on January 14, 2025, exhibited uneven movements compared to the previous day.

Coffee prices on January 14 domestically

In Vietnam, domestic coffee prices on January 14 dropped significantly by VND 1,000 compared to the previous day.

In Lam Dong province, three districts—Di Linh, Bao Loc, and Lam Ha—are trading at the same price of VND 117,200/kg.

In Dak Lak province, Cu M'gar district is purchasing coffee at VND 117,500/kg, while Ea H'leo and Buon Ho districts are trading at VND 117,400/kg.

In Dak Nong province, traders in Gia Nghia and Dak R'lap are buying at VND 117,700/kg and VND 117,600/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 117,500/kg, while Pleiku and La Grai are holding steady at VND 117,400/kg.

In Kon Tum province, coffee is being purchased at VND 117,500/kg.

Thus, domestic coffee prices on January 14, 2025, are trading around VND 117,200 - 117,700/kg.

$ 1 = VND 25.173 - Source: Vietcombank.