Domestic coffee prices today
The domestic coffee market this morning, May 1, recorded a gloomy state as purchasing prices continued to fall, officially hitting the lowest level in a week.
According to surveys in key growing areas of the Central Highlands, the price of raw coffee beans has simultaneously decreased, pushing the regional average to the threshold of 87,700 VND/kg.
In Dak Nong province (old), coffee prices are currently trading at 87,800 VND/kg.
Dak Lak and Gia Lai localities both maintained stable prices at 87,600 VND/kg, while the Lam Dong area listed at the lowest level of 87,100 VND/kg.
Contrary to the decline of coffee, pepper prices still maintained their recovery when standing firm at 143,000 VND/kg.
World coffee prices
On world exchanges, red color covered brilliantly in the session closing early this morning with very deep declines.
The price of Arabica for July delivery on the New York exchange "evaporated" 5.15 cents, equivalent to 1.77%, closing at 294.90 cents/lb.
Similarly, the London exchange also witnessed the price of Robusta for July delivery plummet by 81 USD, equivalent to 2.35%, falling to 3,361 USD/ton.
This is the most negative adjustment in many recent sessions, reflecting investors' concerns about the prospect of abundant supply from leading manufacturing powers in the world.
The main reason for this terrible drop is that forecasts of a "super-bumper" crop in Brazil are gradually becoming apparent. The Coffee Transaction Institute has just released an estimated figure that Brazil's 2026/27 crop output will increase by 12% compared to the previous year, reaching about 71.4 million bags.
Even, Marex Group and StoneX have made bolder forecasts with figures up to nearly 76 million bags. This pressure becomes even heavier when StoneX forecasts that the global coffee surplus in 2026 will expand to 10 million bags, the highest level in the past 6 years. In Vietnam, the export growth in Q1 of 14% reaching 585,000 tons also contributed to easing concerns about short-term supply shortages in the international market.
Although the market is under great downward pressure, there are still some supporting factors hindering the free fall. The continued closure of the Strait of Hormuz due to geopolitical tensions is still putting pressure on global shipping, insurance and fertilizer costs.
In addition, coffee inventories on both ICE exchanges are still anchored at a record low, which is an important technical support to help prices not break deeper support levels. It is forecasted that in the coming days, domestic coffee prices will continue to fluctuate and accumulate around the 86,500 - 88,500 VND/kg range. Farmers need to be very alert to make appropriate trading decisions, avoiding panic in the context of speculative funds being aggressively liquidating positions.
