In 2024, coffee trees in the Central Highlands will be considered "ATMs" for farmers here, helping them earn billions, buy cars, build houses... when this commodity has a fever globally.

Sharing with VietNamNet , Mr. Nguyen Van Tao in Dak Mil (Dak Nong) said that his warehouse has 25 tons of dried coffee beans, just waiting to be sold.

“Coffee prices have jumped to VND135,000/kg - the highest level ever,” he said. If sold at the current price, Mr. Tao could earn nearly VND3.4 billion, an estimated profit of more than VND2 billion. However, he has not sold a single kilogram of coffee and wants to wait for the price to increase further.

According to calculations by the Ministry of Agriculture and Environment, the total coffee area in 2025 will be about 718,000 hectares, with an output of 1.95 million tons. The 2024-2025 coffee harvest season in the Central Highlands ended a few days ago.

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Coffee prices rise to all-time high. Photo: Nguyen Hue

Notably, while Vietnam's coffee is still full in warehouses, the price of Robusta coffee on the London floor continues to increase and is anchored at a high of 5,645 USD/ton for delivery in May 2025, and 5,599 USD/ton for delivery in July 2025.

This afternoon (March 5), the price of coffee beans in the Central Highlands provinces jumped to 135,000 VND/kg - breaking the record of 2024, the highest level of all time. Meanwhile, at the same time last year, the price of this type of bean was only about 87,000 VND/kg.

According to experts, besides the world political and economic factors, coffee prices remain high and may increase sharply in the coming time due to market supply and demand factors. Because, the demand for this commodity globally is still on an upward trend.

However, supplies from the world's top coffee producing countries are expected to decline significantly.

In particular, Brazil - a country that accounts for nearly half of the world's output - has struggled over the past four years due to extreme weather events that have severely affected crops and yields.

In 2025, the La Nina phenomenon is expected to replace El Nino, which could affect Brazil’s coffee growing regions. This increases the risk of frost, which could destroy coffee trees and severely affect the country’s coffee production.

Mr. Phan Minh Thong - CEO of Phuc Sinh Group - commented that the world's coffee roasters will flock to Vietnam and Indonesia to buy coffee. Therefore, there is still room for price increases in the near future. Accordingly, Vietnam's coffee exports could earn more than 6 billion USD, even 7 billion USD in 2025.

A recent report from the Ministry of Agriculture and Environment shows that in the first two months of the year, Vietnamese businesses exported 284,000 tons of coffee, worth 1.58 billion USD. Compared to the same period last year, although the export volume of this commodity, known as “brown gold”, decreased by 28.4%, the value increased by 26.2%.

The average export price of coffee in the past two months is estimated at 5,575 USD/ton, a sharp increase of 76.3% over the same period in 2024.

Price at the peak, Vietnam has a "gold mine" that is full again and again, bringing in 1.58 billion USD in just 2 months . Considered a "gold mine" that is full again and again, this strong commodity of Vietnam brought in 1.58 billion USD in just 2 months when the price reached a historical peak.