Domestic coffee price update on March 22, 2025 increased slightly
| Domestic coffee prices | ||
|---|---|---|
| Market | Medium | Change |
| Dak Lak | 133,900 | +400 |
| Lam Dong | 132,900 | +400 |
| Gia Lai | 133,900 | +400 |
| Dak Nong | 134,000 | +500 |
| Household | 160,000 | 0 |
| USD/VND | 25,370 | -20 |
| Unit: VND/kg - Exchange rate according to Vietcombank | ||
Domestic coffee prices on March 23, 2025 recorded a slight increase in major production areas. Specifically, the average coffee price in Dak Lak and Gia Lai reached 133,900 VND/kg, an increase of 400 VND/kg, while Dak Nong had the highest price at 134,000 VND/kg, an increase of 500 VND/kg compared to the previous day. Lam Dong also increased by 400 VND/kg, reaching 132,900 VND/kg. Pepper prices remained stable at 160,000 VND/kg, unchanged.
However, the USD/VND exchange rate slightly decreased by 20 VND, down to 25,370 VND, showing that pressure from exchange rate fluctuations may affect coffee export prices in the coming time.
Overall, the domestic coffee market is showing positive signs, but it is necessary to closely monitor foreign exchange factors and global consumption demand to assess long-term trends.
Update world coffee prices on March 22, 2025
Robusta Coffee Price London 22/3/2025
| Robusta Coffee London Price | ||||||||
|---|---|---|---|---|---|---|---|---|
| Term | Match price | Change | Highest | Lowest | Mass | Open | Yesterday | Open contract |
| 05/25 | 5,515 | +18 (0.33%) | 5,552 (+55) | 5,465 (-32) | 4,873 | 5,483 | 5,497 | 31,027 |
| 07/25 | 5,504 | +22 (0.40%) | 5,537 (+55) | 5,453 (-29) | 5,583 | 5,474 | 5,482 | 27,513 |
| 09/25 | 5,450 | +25 (0.46%) | 5,480 (+55) | 5,397 (-28) | 1,345 | 5,417 | 5,425 | 8,015 |
| 11/25 | 5,364 | +33 (0.62%) | 5,388 (+57) | 5,304 (-27) | 1,343 | 5,327 | 5,331 | 3,275 |
Overall, the Robusta coffee market is maintaining a slight upward momentum, but trading volume and open interest are down in the long-term, suggesting that investors may be cautious about the long-term outlook, possibly due to the impact of weather factors in Brazil and global consumption demand.
New York Arabica coffee price on March 22, 2025
| New York Arabica Coffee Price | ||||||||
|---|---|---|---|---|---|---|---|---|
| Term | Match price | Change | Highest | Lowest | Mass | Open | Yesterday | Open contract |
| 05/25 | 390.15 | -1.90 (-0.48%) | 395.75 (+3.70) | 386.50 (-5.55) | 12,627 | 392.00 | 392.05 | 72,779 |
| 07/25 | 385.30 | -0.05 (-0.01%) | 388.90 (+3.55) | 380.45 (-4.90) | 9,136 | 384.70 | 385.35 | 42,169 |
| 09/25 | 378.80 | +0.65 (0.17%) | 381.60 (+3.45) | 373.80 (-4.35) | 3,607 | 378.05 | 378.15 | 26,682 |
| 12/25 | 368.85 | +0.85 (0.23%) | 371.10 (+3.10) | 364.10 (-3.90) | 2,861 | 366.60 | 368.00 | 15,342 |
Overall, the Arabica coffee market is under downward pressure in the near term, possibly due to abundant supply from Brazil, while the long term is slightly up on expectations of a recovery in consumption demand in the future. However, investors need to be cautious with weather factors and fluctuations in the USD exchange rate, which may affect coffee prices in the near term.
Coffee price forecast for tomorrow, March 23, 2025 will have a slight adjustment
Coffee prices on March 23, 2025 are forecast to continue to decrease slightly in key provinces of the Central Highlands, after a sharp decrease of 1,200-1,500 VND/kg on March 22. Dak Lak and Dak Nong may maintain prices around 133,500 VND/kg, while Lam Dong continues to be at the lowest level at 132,500 VND/kg. The main reason comes from profit-taking activities of businesses and traders after the previous price increase, along with the impact of the decline of Arabica coffee on the New York floor.
However, the export market remains a bright spot as Vietnam enters its peak delivery period in the first quarter of 2025. Increased import demand from the EU and the US, combined with a forecast of a 20% drop in Brazilian output due to drought in Minas Gerais, could support a recovery in Robusta prices in the medium term. In addition, global inventories at a 25-year low and shortages at European ports continue to support prices.
Coffee prices on March 23, 2025 are expected to fluctuate between VND132,000 and VND134,000 per kilogram, with a decrease of no more than VND500 per kilogram compared to the previous day. Experts recommend that growers closely monitor weather developments in Brazil and fluctuations in the USD/VND exchange rate to optimize the timing of sales. Despite short-term downward pressure, the prospect of price increases from the second quarter of 2025 is still reinforced thanks to world demand and limited global supply.
Source: https://baoquangnam.vn/tin-tuc-du-bao-gia-ca-phe-ngay-mai-23-3-2025-se-co-dieu-chinh-nhe-3151159.html
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