Coffee prices increased on both world exchanges, while domestic coffee prices in Vietnam climbed to a record high of over VND135,200 per kilogram for the second time this year.
Coffee harvest - Photo: N.TRI
According to information from many agents and businesses, the price of green coffee beans traded on the afternoon of March 20 reached a common level of 135,100 VND/kg, an increase of 700-1,900 VND/kg depending on the type compared to yesterday.
Coffee prices were recorded highest in the two provinces of Dak Nong and Dak Lak at 134,800-135,200 VND/kg. In Lam Dong and Gia Lai, the common price range was 134,400-134,800 VND/kg.
Two localities with lower prices are Dong Nai and Binh Phuoc , with about 133,500-134,500 VND/kg depending on type and location.
Thus, domestic coffee prices have climbed to over 135,000 VND/kg for the second time this year since the first trading session in March, the highest price recorded in the history of the industry.
Coffee prices on March 20 increased on both world exchanges, with Robusta increasing by 58 USD/ton to 5,527 USD/ton and Arabica increasing by 7.2 US cents/pound.
Specifically, on the London exchange, the online price of Robusta coffee for May 2025 delivery contract closed at 5,527 USD/ton, up 1.06% (58 USD/ton) compared to the previous trading session; the July 2025 delivery contract increased 1.05% (57 USD/ton), reaching 5,509 USD/ton.
On the New York Stock Exchange, the price of Arabica coffee for delivery in May 2025 increased by a stronger margin, up 1.88% (7.2 US cents/pound), to 391.05 US cents/pound; the contract for delivery in July 2025 increased by 1.71% (6.45 US cents/pound), to 384.05 US cents/pound.
According to a representative of the Vietnam Coffee and Cocoa Association, in addition to the trade war between countries and speculation, weather conditions in Brazil have been and are factors affecting supply and dominating the market.
Many of Brazil's major coffee-producing regions recorded significantly lower cumulative rainfall in March than the average of previous years, and last month, purchases in these regions were also low.
This situation has caused the coffee supply in the country with the largest coffee production in the world to be forecast to decrease this year, leading to the possibility that coffee prices in 2025 will be maintained at a good level compared to last year.
According to many businesses, recent monetary policies, interest rates from the US Federal Reserve (Fed) and fluctuations in Brazil's domestic currency also contributed to a positive impact on coffee prices.
Regarding Vietnam's coffee exports, according to an update from the Vietnam Coffee and Cocoa Association (VICOFA), in the first 15 days of March, Vietnam exported 82,262 tons of coffee beans alone, reaching a turnover of over 452.7 million USD, down 16.6% in volume but up 36.7% in value compared to the same period last year.
Notably, Arabica coffee had quite good export results with an increase of 57.7% in volume and 88.1% in value compared to the same period last year, at 5,661 tons, with a turnover of over 38.5 million USD.
Coffee prices increase sharply, businesses cautiously buy goodsSource: https://tuoitre.vn/gia-ca-phe-tang-manh-cham-dinh-135-200-dong-kg-20250320165554484.htm
Comment (0)