Agricultural product prices on January 2, 2025: Coffee continues to decrease, pepper is stable

DNVN - On January 2, 2025, domestic coffee prices decreased by an average of VND 119,400/kg, VND 900/kg lower than the previous trading session. Meanwhile, pepper prices remained stable, except for Gia Lai, where prices decreased slightly.

Coffee prices fell slightly

On January 1, 2025, the trading floors were closed due to the New Year holiday. However, the price of Robusta coffee on the London exchange updated at 5:00 a.m. on January 2, 2025 showed a fluctuation range of 4,641 - 4,875 USD/ton. The delivery terms were respectively: March 2025 reached 4,875 USD/ton, May 2025 was 4,805 USD/ton, July 2025 was 4,727 USD/ton, and September 2025 increased to 4,641 USD/ton.

Similarly, the price of Arabica coffee on the New York floor on the morning of January 2, 2025 also fluctuated between 302.00 - 319.75 cents/lb. Specifically, the delivery period for March 2025 was at 319.75 cents/lb, May 2025 reached 314.85 cents/lb, July 2025 was 308.45 cents/lb and September 2025 decreased to 302.00 cents/lb.

In Brazil, Arabica coffee prices on the morning of January 2, 2025 ranged from $374.35 to $400.00 per ton. The futures prices were as follows: March 2025 was $400.00 per ton, May 2025 was $394.95 per ton, July 2025 was $388.00 per ton, and September 2025 dropped to $374.35 per ton.

Domestic coffee prices at 5:00 a.m. on January 2, 2025 also decreased by an average of VND 900/kg compared to yesterday, down to VND 119,400/kg.

The highest purchase price in the key Central Highlands regions is 119,500 VND/kg. Details are as follows: in Dak Lak, the price was recorded at 119,400 VND/kg, down 900 VND/kg; in Lam Dong, the price was 118,700 VND/kg, down 1,000 VND/kg; Gia Lai recorded 119,400 VND/kg, down 900 VND/kg; and in Dak Nong, the price was 119,500 VND/kg, down 1,000 VND/kg.

Vietnam is currently facing challenges in exporting Robusta coffee as the total global output reaches 165 million bags but demand is at 168 million bags, leading to a shortage of 3 million bags.

Although global coffee production is expected to increase, Vietnam is at risk of a decline in output due to shrinking planting areas and adverse weather conditions. However, stable demand and international competitiveness remain the strengths of the Vietnamese coffee industry.

Pepper prices remain high

Pepper prices recorded at 5:00 a.m. on January 2, 2025 were mostly stable at a high level, only prices in Gia Lai decreased slightly.

Specifically, pepper prices in Gia Lai have decreased by VND500/kg after the increase, currently at VND146,000/kg. In Binh Phuoc, Ba Ria - Vung Tau, Dak Nong and Dak Lak, prices remain stable at VND147,000/kg.

According to the International Pepper Community (IPC), the world pepper market remains high and stable. The price of Indonesian Lampung black pepper is listed at 6,855 USD/ton, while Muntok white pepper is priced at 8,970 USD/ton.

In Brazil, the market in early 2025 has increased slightly, currently the pepper price is 6,325 USD/ton. The price of ASTA black pepper from Malaysia is recorded at 8,500 USD/ton, while ASTA white pepper is at 10,700 USD/ton.

The export price of Vietnamese black pepper remained stable at 6,400 USD/ton (500 g/l) and 6,700 USD/ton (550 g/l). The export price of white pepper was higher, reaching 9,600 USD/ton.

Vietnamese pepper companies currently have low inventories and expect the 2025 harvest to be delayed by 1-2 months with output reduced due to drought. China is expected to increase purchases this year, helping to boost pepper prices.

The Vietnam Pepper and Spice Association (VPSA) expects demand from China to increase sharply. In 2024, China will only import about 10,000 tons, while other markets have already made large purchases, reducing consumption pressure right at the beginning of the new crop.

According to experts, pepper prices are likely to enter an upward cycle in 2025. This comes from reduced supply due to bad weather, increased transportation costs, and the impact of the FED's interest rate cuts, stimulating demand from major import markets such as the US and EU.

Lan Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-2-1-2025-ca-phe-tiep-tuc-giam-ho-tieu-on-dinh/20250102091224485