DNVN - On February 5, 2025, the agricultural market witnessed a sharp decline in coffee prices after reaching a new peak in the previous session. Meanwhile, pepper prices recorded a significant increase of about 2,000 VND/kg on the first day back after the Lunar New Year holiday.
Coffee prices plummet
On the London exchange, at 5:00 a.m. on February 5, 2025, Robusta coffee prices had a slight upward adjustment after a sharp drop the day before. The increase ranged from 24 to 28 USD/ton, with transaction values ranging from 5,391 to 5,558 USD/ton. Specifically, the contract for delivery in March 2025 reached 5,558 USD/ton (up 24 USD/ton), the contract for delivery in May 2025 closed at 5,548 USD/ton (up 28 USD/ton), the contract for delivery in July 2025 reached 5,481 USD/ton (up 28 USD/ton) and the contract for delivery in September 2025 stopped at 5,391 USD/ton (up 27 USD/ton).
At the end of the trading session, Arabica coffee prices on the New York floor continued to increase for 9 consecutive sessions, with an increase range of 2.45 - 3.45 cents/lb, ranging from 359.60 - 383.35 cents/lb. Of which, the contract for delivery in March 2025 increased to 383.35 cents/lb (up 2.45 cents/lb), the contract for delivery in May 2025 increased to 377.40 cents/lb (up 3.05 cents/lb), the contract for delivery in July 2025 reached 369.35 cents/lb (up 3.15 cents/lb) and the contract for delivery in September 2025 was at 359.60 cents/lb (up 3.45 cents/lb).
Similarly, the price of Brazilian Arabica coffee also continued to increase with a slight increase during the session. Specifically, the March 2025 contract reached 474.65 USD/ton (up 2.85 USD/ton), the May 2025 contract recorded 469.80 USD/ton (up 5.55 USD/ton), the July 2025 contract was priced at 464.10 USD/ton (up 4.15 USD/ton) and the September 2025 contract stopped at 452.00 USD/ton (up 9.85 USD/ton).
Domestic coffee prices continue to fall
In the domestic market, updated at 5:00 a.m. on February 5, 2025, domestic coffee prices witnessed a sharp downward adjustment after peaking the previous day, currently fluctuating at an average of VND 128,100/kg, down VND 2,500/kg.
In key production areas in the Central Highlands, the highest price recorded was VND 128,200/kg. A decrease of VND 2,500/kg was recorded in localities such as Dak Lak with VND 128,000/kg, Lam Dong traded at VND 127,200/kg, Gia Lai reached VND 128,000/kg and Dak Nong stood at VND 128,200/kg.
With this trend, domestic coffee prices are likely to lose the 130,000 VND/kg mark set during Tet. Many growers are wondering whether prices will continue to fall to 115,000 VND/kg as at the end of November 2024 or whether this is just a short-term adjustment before bouncing back?
According to expert analysis, coffee prices may continue to decline in the trading session on February 6, 2025 before having a chance to recover to the price range of 130,000 VND/kg. Closely monitoring market fluctuations will help investors make reasonable trading decisions in the coming time.
Although the coffee output of the last crop decreased by 15% due to the impact of the weather, thanks to high prices, many farmers in the Central Highlands still achieved good incomes. The global coffee consumption trend and strong investment in the supply chain by Vietnamese enterprises contributed to the strong increase in export value.
Pepper prices increase sharply
Updated at 5:00 a.m. on February 5, 2025, the domestic pepper market became vibrant with a significant increase after the holiday, the price increased by an average of 2,000 VND/kg on the first day of trading again. Currently, the average pepper price in key areas reached 149,400 VND/kg, of which the pepper price in Dak Nong has exceeded 150,000 VND/kg.
In Gia Lai, pepper prices remained stable compared to the previous session, being purchased at 149,000 VND/kg.
Similarly, pepper prices in Ba Ria - Vung Tau and Binh Phuoc continued to move sideways at 149,000 VND/kg. Meanwhile, in Dak Lak, pepper prices reached 150,000 VND/kg.
In Dak Nong alone, pepper prices increased by 200 VND/kg compared to the previous session, currently trading at 150,200 VND/kg.
According to the International Pepper Community (IPC), updated at 5:00 a.m. on February 5, 2025, the global pepper market has been volatile, with prices in some countries rising after a period of stagnation. Notably, pepper prices in Brazil have skyrocketed to $150/ton after a period of stability, while prices in other regions remain high.
Specifically, IPC announced that the price of Lampung black pepper (Indonesia) is currently at 7,219 USD/ton, while the price of Muntok white pepper is 9,694 USD/ton.
In Malaysia, the pepper market continued to maintain high levels with ASTA black pepper prices at USD 9,000/ton and ASTA white pepper reaching USD 11,600/ton.
Brazil's pepper export price has increased sharply, currently reaching 6,300 USD/ton, an increase of 150 USD/ton after a long period of remaining at a low level.
In Vietnam, pepper export prices have shown signs of slowing down with a slight decrease. Currently, black pepper of 500 g/l is priced at 6,350 USD/ton, 550 g/l is priced at 6,650 USD/ton, while white pepper is trading at 9,550 USD/ton.
According to the Vietnam Pepper and Spice Association (VPSA), in 2024, pepper exports to China dropped to the lowest level in the past 9 years, reaching only 10,549 tons, worth 32.15 million USD. Compared to 2023, the decrease was up to 82.4% in output and 76.6% in value.
Even compared to 2022 – when China was still closed due to the COVID-19 pandemic – the volume of pepper exported to this market was also lower.
The sharp decline caused China to drop from Vietnam's largest pepper consumer in 2023 to fifth place in 2024, with its market share falling sharply to 4.2% compared to 22.6% the previous year.
Lan Le (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-5-2-2025-ca-phe-giam-sau-ho-tieu-bat-tang/20250205090919258
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