(VAN) Coffee prices on February 7, 2025, saw mixed movements in the global market. Domestic coffee prices remained stable, trading at VND 129800 – 130700/kg.
Coffee prices on February 7 globally
Globally, the London and New York exchanges showed mixed movements on February 7.
On the London exchange, Robusta futures for March 2025 delivery dropped by $ 10 (equivalent to 0.18%), settling at $ 5633/ton. Meanwhile, the May 2025 contract stood at $ 5646/ton.
On the New York exchange, Arabica futures for March 2025 surged by 6.2 cents (equivalent to 1.56%), reaching 403.95 cents/lb. The May 2025 contract also climbed by 6.45 cents (equivalent to 1.65%), settling at 397.1 cents/lb.
Latest Arabica and Robusta prices on February 7, 2025
Global coffee prices today showed a slight decline on the London exchange but continued their strong rally on the New York exchange.
Robusta prices are facing some pressure due to increased exports from Vietnam. According to data from the General Statistics Office, Vietnam exported 134,000 tons of coffee in January 2025, up 5% from the previous month, despite trade activities being somewhat affected by the Lunar New Year holiday.
Meanwhile, Arabica prices continue to set new records. Arabica futures in New York have surpassed the $ 4/lb mark, reaching a historic high after 11 consecutive bullish sessions, driven by relentless speculative buying amid tight supply.
A trader commented: “What many considered mere speculation has become a reality. Coffee is making history.”
According to Tomas Araujo, a broker at StoneX, this surge is the result of multiple factors: speculative buying, roasters unwinding their positions, and traders removing hedging measures.
Latest domestic and global coffee prices on February 7, 2025
Thus, global coffee prices on February 7, 2025, continued to rise sharply on the New York exchange compared to yesterday.
Coffee prices on February 7 domestically
In the domestic market, coffee prices today, February 7, remained unchanged compared to yesterday.
In Lam Dong province, Di Linh, Bao Loc, and Lam Ha districts are trading at VND 129,800/kg.
In Dak Lak, Cu M’gar district is buying at VND 130,500/kg, while Ea H’leo and Buon Ho are trading at VND 130,400/kg.
In Dak Nong, traders in Gia Nghia and Dak R’lap are purchasing at VND 130,700/kg and VND 130,600/kg, respectively.
In Gia Lai, Chu Prong district is trading at VND 130,500/kg, while Pleiku and La Grai remain at VND 130,400/kg.
In Kon Tum, coffee is being bought at VND 130,500/kg today.
$ 1 = VND 25.080 – Source: Vietcombank.
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