World coffee prices
Early morning of December 18 (Vietnam time), on the London floor, the price of Robusta coffee for January 2025 delivery was at 5,216 USD/ton, down 14 USD/ton compared to early morning yesterday. The price for March 2025 delivery decreased 35 USD/ton, trading at 5,168 USD/ton.
Meanwhile, the price of Arabica coffee on the New York floor for delivery in March 2025 was trading at 324 cents/lb, down 3 cents/lb compared to yesterday's trading level. At the delivery in May 2025, it was trading at 321 cents/lb, down 3 cents/lb compared to 1 day ago.
Coffee prices fluctuated in different directions today. (Illustration photo)
Domestic coffee prices
Domestic coffee prices today recorded a simultaneous increase in all localities, trading at 123,200 - 125,000 VND/kg.
Specifically, today's coffee price in Dak Lak is trading at 124,800 VND/kg, an increase of 800 VND/kg compared to yesterday's trading session.
In Lam Dong, today's coffee price was purchased at 123,200 VND/kg, an increase of 700 VND/kg.
Today's coffee price in Gia Lai is trading at 124,800 VND/kg, up 800 VND/kg.
In Dak Nong, coffee prices today also recorded an increase of 800 VND/kg, trading at 125,000 VND/kg.
The EU Deforestation Reduction Regulation (EUDR) was issued by the EU in June 2023. The regulation has set strict requirements on information transparency, traceability and commitment to zero deforestation and zero forest degradation in the agricultural product supply chain covering 7 product categories; including coffee, wood and rubber.
For the coffee industry, one of the key solutions to comply with EUDR is to build a complete, accurate and transparent forest and plantation database system.
Ms. Mara Grimminger, Assistant for International Relations, Directorate-General for the Environment, European Commission, assessed that the launch of the forest and coffee growing area database system marks an important step towards EUDR compliance in Vietnam.
"The European Union has announced its decision to postpone the implementation of the EUDR until December 2025. The extension is intended to ensure that global partners, as well as Vietnam, are fully prepared before the regulation comes into effect, facilitating a smooth and effective implementation process.
This opportunity needs to be taken advantage of to prepare, take concrete actions and effectively respond to the requirements of the EUDR, paving the way for a sustainable future for the Vietnamese coffee industry, " said Ms. Mara Grimminger.
Source: https://vtcnews.vn/gia-ca-phe-hom-nay-18-12-trong-nuoc-tang-the-gioi-giam-ar914454.html
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