Coffee prices increase sharply, reaching a peak of 135,200 VND/kg

Coffee prices increased on both world exchanges, while the price of green coffee traded domestically in Vietnam climbed to a record high of over VND135,200/kg for the second time since the beginning of the 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 closed at 5,527 USD/ton, up 1.06% (58 USD/ton) compared to the previous trading session; the July 2025 delivery contract increased by 1.05% (57 USD/ton), reaching 5,509 USD/ton.

On the New York Stock Exchange, the price of Arabica coffee for May 2025 delivery increased by a stronger margin, up 1.88% (7.2 US cents/pound), to 391.05 US cents/pound; the July 2025 futures contract 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 major coffee-producing regions in Brazil 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 coffee supply in the world's largest coffee producing country 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 and 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.

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Source: https://tuoitre.vn/gia-ca-phe-tang-manh-cham-dinh-135-200-dong-kg-20250320165554484.htm