DNVN - Today's agricultural product prices recorded a slight decrease in coffee prices with an average of 119,000 VND/kg, down 900 VND/kg compared to the previous day. Meanwhile, pepper remained stable, without major fluctuations and fluctuated from 145,000 - 146,000 VND/kg in major markets.
Coffee prices fluctuate slightly
On the London floor, Robusta coffee prices increased sharply at 5:00 a.m. on January 21, 2025. Specifically, the futures price for March 2025 reached 5,143 USD/ton (up 137 USD/ton), May 2025 was at 5,090 USD/ton (up 128 USD/ton), July 2025 recorded 5,005 USD/ton (up 124 USD/ton) and September 2025 was 4,911 USD/ton (up 121 USD/ton).
Similarly, the New York floor also recorded a slight increase in Arabica coffee, ranging from 1.20 - 1.70 cents/lb. The futures price for March 2025 reached 328.35 cents/lb (up 1.20 cents/lb), May 2025 was at 324.60 cents/lb (up 1.45 cents/lb), July 2025 was 318.25 cents/lb (up 1.70 cents/lb) and September 2025 was 309.45 cents/lb (up 1.50 cents/lb).
In Brazil, Arabica coffee prices increased slightly. The price for delivery in March 2025 was 407.55 USD/ton (up 2.05 USD/ton), in May 2025 it was 402.55 USD/ton (up 1.60 USD/ton), in July 2025 it was 396.60 USD/ton (up 2.25 USD/ton) and in September 2025 it was 382.95 USD/ton (up 1.10 USD/ton).
According to the record at 5:00 a.m. on January 21, 2025, domestic coffee prices decreased slightly to 119,000 VND/kg, 900 VND/kg lower than the previous day. In the Central Highlands provinces, the highest price was 119,000 VND/kg. Specifically, the price in Dak Lak was 119,000 VND/kg (down 1,000 VND/kg), Lam Dong was 118,200 VND/kg (down 1,100 VND/kg), Gia Lai was 119,000 VND/kg (down 800 VND/kg) and Dak Nong was 119,000 VND/kg (down 1,000 VND/kg).
According to Comunicaffe, 2025 is expected to be a challenging year for the coffee market due to the global supply-demand imbalance.
Coffee prices are likely to remain high as production shows no signs of recovery, inventories remain low and demand remains steady.
Arabica coffee production in Brazil is expected to decline, only partially offset by a slight increase in Robusta output.
The Brazilian Coffee Exporters Association (Cecafé) predicts that this year's export growth will be unlikely to reach the record level of 2024, although it will still be high.
The harvest in Vietnam is nearly complete with output forecast to be lower than the average of previous years.
Pepper prices are stable
Domestic pepper prices on the morning of January 21, 2025 remained stable at 145,000 - 146,000 VND/kg, averaging 145,500 VND/kg.
In Gia Lai and Binh Phuoc, pepper prices remained unchanged from the previous session, staying at VND145,000/kg.
Ba Ria - Vung Tau and Dak Nong continued to record the highest price at 146,000 VND/kg.
In Dak Lak, pepper prices after a slight increase in the previous session have stabilized at 145,500 VND/kg.
Data from the International Pepper Community (IPC) updated on the morning of January 21, 2025 shows the difference between markets. Pepper prices in Indonesia increased sharply, while Brazil decreased significantly.
In Indonesia, Lampung black pepper price increased to 7,115 USD/ton, Muntok white pepper reached 9,401 USD/ton (up 208 USD/ton).
Malaysia remained stable, with ASTA black pepper prices reaching USD 9,000/ton and ASTA white pepper at USD 11,600/ton.
In contrast, Brazilian pepper prices decreased by 200 USD/ton, currently at 6,150 USD/ton.
Vietnam's pepper exports are stable with black pepper 500 g/l priced at 6,350 USD/ton and 550 g/l at 6,650 USD/ton. White pepper exports reached 9,550 USD/ton.
According to VPSA, domestic pepper prices in the final period of 2024 will increase significantly, while export prices will also grow by 30.7% for black pepper and 28.6% for white pepper.
Despite China’s 82.4% drop in imports from Vietnam, market demand remains strong thanks to low inventories. China is likely to resume strong purchases after Vietnam finishes its harvest in early 2025.
Experts say global pepper prices this year may remain high due to limited supply and stable demand in major markets such as the US and Europe. The food and spice processing industry is said to be the main driving force behind consumption.
Lan Le (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-21-1-2025-ca-phe-giam-nhe-ho-tieu-tiep-tuc-on-dinh/20250121093931902
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