According to information from the Vietnam Commodity Exchange (MXV), today's trading session witnessed slight fluctuations in the coffee market.
As of 11:00 a.m. today (October 10), the domestic coffee market has slightly increased, increasing by an average of 100 VND/kg, trading around 112,800 - 113,500 VND/kg, the average purchase price in the Central Highlands provinces is 113,500 VND/kg.
In Gia Lai and Dak Lak provinces, the purchase price increased by 100 VND/kg, currently at 113,500 VND/kg.
Meanwhile, in Dak Nong and Lam Dong provinces, coffee prices remained unchanged compared to yesterday's trading session, at VND113,500/kg and VND112,800/kg, respectively.
For the world market, at the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery increased by 9 USD/ton, at 4,865 USD/ton, and for January 2025 delivery increased by 17 USD/ton, at 4,701 USD/ton.
Arabica coffee futures prices for delivery in December 2024 and March 2025 both increased by 1.85 cents/lb, to 250.05 cents/lb and 248.80 cents/lb, respectively.
Weather conditions in Brazil - the world's leading coffee producing country - always attract strong interest and are a factor affecting trading activities of this commodity.
Rains are forecast to spread to key coffee-producing regions from south to southeast Brazil. However, rainfall levels are still low. Rainfall is forecast to gradually increase over the next 10 days, covering most of the main producing regions.
For the southeastern region of Brazil, rainfall of 25-75mm is recorded, which is higher than normal. Some places in the south may even record up to 120mm of rain. This raises hopes for the supply outlook for the 2025-2026 crop in Brazil.
Although the industrial raw material market yesterday (October 9), many commodities prices weakened, especially coffee prices. However, the green color has returned with a positive signal for coffee growers and traders of this commodity.
