Domestic coffee prices today January 23, 2025 increased sharply

Update coffee prices today January 23, 2025, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee January 23, 2025.

Coffee prices today, January 23, 2025, on the world market, at 4:30 am, updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).

Lam Dong people harvest coffee. Photo: Van Long

Coffee prices on the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe during the trading hours of the exchange and are updated as follows:

Robusta coffee prices continue to skyrocket

Robusta Coffee Price London January 23, 2025

On the London floor, at the end of the trading session at 4:30 a.m. on January 23, 2025, Robusta coffee prices continued to increase rapidly and reached the highest peak in nearly a year, with an increase of 152 - 189 USD/ton compared to yesterday's trading session, as recorded as follows. The delivery price for March 2025 was 5,452 USD/ton (up 189 USD/ton), the delivery price for May 2025 was 5,388 USD/ton (up 171 USD/ton), the delivery price for July 2025 was 5,296 USD/ton (up 160 USD/ton) and September 2025 was 5,199 USD/ton (up 152 USD/ton).

Arabica coffee prices hit record high

New York Arabica Coffee Price January 23, 2025

Arabica coffee prices on the New York floor also increased sharply, from 12.80 to 14.05 cents/lb. Specifically, the delivery period for March 2025 is 341.85 cents/lb (up 14.05 cents/lb), the delivery period for May 2025 is 337.85 cents/lb (up 13.90 cents/lb), the delivery period for July 2025 is 331.15 cents/lb (up 13.45 cents/lb) and the delivery period for September 2025 is 322.00 cents/lb (up 12.80 cents/lb).

Brazilian Arabica coffee price on January 23, 2025

Similarly, the price of Arabica coffee from Brazil also recorded a strong increase. Specifically, the delivery period in March 2025 was 420.50 USD/ton (up 2.60 USD/ton), the delivery period in May 2025 was 414.00 USD/ton (up 13 USD/ton), the delivery period in July 2025 was 413.65 USD/ton (up 17.80 USD/ton) and the delivery period in September 2025 was 397.10 USD/ton (up 13.80 USD/ton).

Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day) Vietnam time. Arabica coffee traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day) Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 - 02:35 (next day) Vietnam time.

After harvesting, coffee is dried by people before being sold. Photo: Van Long

Domestic coffee prices increased very high​

According to information from Giacaphe.com, at 4:30 a.m. today, January 23, 2025, domestic coffee prices increased sharply to an average of 122,300 VND/kg, an increase of 2,100 VND/kg compared to yesterday.

The highest coffee purchase price in key regions of the Central Highlands was recorded at VND122,500/kg. Specifically, today's coffee price in Dak Lak is VND122,200/kg (up VND2,200/kg), coffee price in Lam Dong is VND121,500/kg (up VND2,200/kg), coffee price in Gia Lai is VND122,200/kg (up VND2,200/kg) and coffee price in Dak Nong today is VND122,500/kg (up VND2,000/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.

Domestic coffee price list updated at 4:30 a.m. on January 23, 2025

According to the leader of the Vietnam Coffee and Cocoa Association (VICOFA), 2024 will be a special year in the history of coffee, with Vietnamese coffee prices reaching the highest level in the world, especially Robusta coffee prices exceeding 5,000 USD/ton on the London floor. However, the Vietnamese coffee industry is facing many challenges, including climate change, extreme weather and aging coffee trees, reducing productivity and quality.

To improve the situation, the Ministry of Agriculture and Rural Development has proposed a plan to replant coffee trees in the period of 2021-2025, not only in the 5 Central Highlands provinces but also expanding to other provinces such as Son La, Dien Bien and Binh Phuoc. The goal is to increase the average yield to 3.5 tons of beans/ha and improve bean quality, helping coffee trees adapt to climate change and become more sustainable.

Source: https://congthuong.vn/gia-ca-phe-trong-nuoc-hom-nay-2312025-tang-rat-manh-370845.html