Category: Forex News, News
Domestic coffee prices forecast to continue to decline on January 6, 1
Market the coffee world
Robusta coffee prices on the London floor updated at 15:30 p.m. on January 5, 2025 are still fluctuating between 4727 and 4968 USD/ton, unchanged from the previous day. Specifically, the monthly delivery term March 2025 is 4968 USD/ton; the monthly delivery term May 2025 is 4897 USD/ton; the monthly delivery term July 2025 is 4817 USD/ton and the monthly delivery term September 2025 is 4727 USD/ton.
| Organic coffee garden of VNUM Coffee Import-Export Company Limited_C/9 Dak Lak. Photo: Danh Huu |
Similarly, the price of Arabica coffee on the New York floor on the afternoon of January 5, 2025 was also unchanged compared to the previous day, fluctuating from 302.20 – 318.65 cents/lb. Specifically, the monthly delivery term March 2025 was 318.65 cents/lb, the monthly delivery term May 2025 was 314.90 cents/lb; the monthly delivery term July 2025 was 309.10 cents/lb and the monthly delivery term September 2025 was 302.20 cents/lb.
The price of Brazilian Arabica coffee on the morning of January 5, 2025 was updated as follows: The range is from 372.85 – 402.50 USD/ton. Specifically, the monthly delivery period March 2025 is 402.50 USD/ton; the monthly delivery period May 2025 is 392.25 USD/ton; the monthly delivery period July 2025 is 384.45 USD/ton; the monthly delivery period September 2025 is 372.85 USD/ton.
The highest domestic coffee price is 120.500 VND/kg
According to information from Giacaphe.com, at 15:30 p.m. today, domestic coffee prices remained unchanged compared to yesterday, remaining at an average of 120.300 VND/kg.
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| Coffee in Duc Trong district, Lam Dong province. Photo: Le Son |
In the Central Highlands region, the province Lam Dong is still the locality with the lowest coffee purchasing price at 119.800 VND/kg. On the contrary, Dak Nong continues to hold the position of the place with the highest coffee purchase price, reaching 120.500 VND/kg.
Specifically, coffee prices in the Central Highlands provinces are recorded as follows: Dak Nong: 120.500 VND/kg, Dak Lak: 120.300 VND/kg, Gia Lai: 120.200 VND/kg and Lam Dong: 119.800 VND/kg.
The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.
Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for farmers and coffee purchasing businesses.
Coffee price prediction tomorrow 6/ 1 / 2025
Vietnam’s coffee industry is facing major challenges as it enters the final months of 2024. Industry experts have expressed concerns about a sharp decline in coffee export volume, especially in the fourth quarter of 4.
It is estimated that coffee export volume in the fourth quarter of 4 will only reach about 2024-160.000 tons. This figure is not only lower than previous months but also equal to the export volume of a December in previous years. This shows a serious downward trend in Vietnam’s coffee supply.
Meanwhile, the global and domestic coffee markets are expected to continue to fluctuate, affected by various factors such as climate change, consumption demand and trade policy. To overcome these challenges, the Vietnamese coffee industry needs to make timely adjustments.
Experts recommend that the coffee industry should soon adjust its development strategy to maintain sustainable growth. Investing in technology and improving production processes can help improve coffee quality and output, thereby creating a competitive advantage in the international market.
In the short term, specifically tomorrow January 6, 2025, experts predict that coffee prices may continue to decrease, predicting a decrease of about 400 – 700 VND/kg.
Sources: https://congthuong.vn/du-bao-gia-ca-phe-trong-nuoc-ngay-612025-tiep-da-giam-368024.html
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Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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