Domestic coffee prices today
Continuing the previous slight increase, coffee prices today, April 11, recorded a strong increase. In the domestic market, green coffee has increased by 2,000 - 2,200 VND/kg, bringing the common price to about 121,500 - 123,000 VND/kg.
Accordingly, in Dak Lak, coffee is traded at 123,000 VND/kg, an increase of 2,000 VND/kg.
Lam Dong recorded the strongest increase, an increase of VND 2,200, to VND 121,500/kg.
Gia Lai and Dak Nong both increased to VND123,000/kg, an increase of VND2,000 compared to the previous trading session.
World coffee prices today
On the London Stock Exchange, Robusta coffee futures for May 2025 increased sharply by 64 USD, closing at 4,937 USD/ton. July term increased by a shocking 99 USD, to 4,896 USD/ton. Long terms such as September and November have adjusted sharply, fluctuating around 4,833 - 4,767 USD/ton.
On the New York Stock Exchange, Arabica's May futures increased by 1.15 cents, closing at 342.85 cents/lb. Other terms such as July and September moved in the same direction, closing at 341.60 cents/lb and 337.45 cents/lb, respectively.
Prices recovered strongly after the US announced a 10% reduction in coffee import tax from Vietnam, much lower than the previously worried 46%.
Overview and assessment
Coffee prices are gradually recovering after the US decided to lower the import tax rate from Vietnam to 10%. This is positive information for Vietnamese farmers, especially in the context of them taking the initiative to pick up goods because they are worried about the tight supply over the past four years. This tax cut is seen as a temporary lift in the escalating trade war.
However, investors and farmers also need to closely monitor market fluctuations to make reasonable decisions in the coming time.
World coffee prices may continue to increase in the coming time if there are no unexpected factors. However, harsh weather is one of the main factors that can affect global coffee output, especially in key producing countries such as Brazil and Vietnam.
