Coffee prices on January 7, 2025: Slight increase

Coffee prices on January 7 globally

Globally, the London and New York exchanges showed a slight upward trend on January 7.

On the London exchange, Robusta prices for March 2025 delivery increased slightly by $ 16 (equivalent to 0.32%), reaching $ 4,984/ton. Meanwhile, the May 2025 delivery contract rose by $ 3 (equivalent to 0.06%), settling at $ 4,900/ton.

On the New York exchange, Arabica prices for March 2025 delivery dropped by 0.05 cents (equivalent to 0.02%), to 318.60 cents/lb. However, the May 2025 delivery contract edged up by 0.6 cents (equivalent to 0.19%), reaching 315.50 cents/lb.

Global coffee prices showed a slight increase on the London exchange but experienced mixed movements on the New York exchange.

According to the latest forecast from the United States Department of Agriculture (USDA), global coffee production is expected to recover in the 2024/25 crop year, primarily driven by increased production in Vietnam and Indonesia. Meanwhile, with rising consumption, global coffee stock levels are projected to decline further by the end of 2024, reaching just 20.9 million bags.

Global coffee exports in 2025 are anticipated to grow modestly, with higher export volumes from Vietnam and Indonesia offsetting Brazil's projected decline.

Specifically, Vietnam's coffee exports are forecast to increase by 1.8 million bags in 2025, reaching 24.4 million bags due to improved supply. Global coffee consumption in 2025 is projected to rise by 5.1 million bags, reaching 168.1 million bags, with the largest increases seen in the European Union (EU), the United States, and China.

Thus, global coffee prices on January 7, 2025, experienced mild fluctuations compared to the previous day.

Coffee prices on January 7 domestically

In Vietnam, domestic coffee prices saw a slight increase on January 7 compared to the previous day.

In Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha recorded trading at VND 120,300/kg.

In Dak Lak province, coffee prices in Cu M'gar district were at VND 120,800/kg, while Ea H'leo and Buon Ho districts traded at VND 120,700/kg.

In Dak Nong province, traders in Gia Nghia and Dak R'lap recorded prices at VND 120,800/kg and VND 122,700/kg, respectively.

In Gia Lai province, Chư Prong district saw prices at VND 120,600/kg, while Pleiku and La Grai districts both traded at VND 120,500/kg.

In Kon Tum province, the purchasing price for coffee was reported at VND 120,500/kg.

Thus, domestic coffee prices on January 7, 2025, are trading in the range of VND 120,300 - 120,800/kg.

$ 1 = VND 25.178 - Source: Vietcombank.