Domestic coffee prices
The domestic coffee market this morning (February 10) continued to maintain its excited green color. Purchasing agents simultaneously adjusted up from 500 - 600 VND/kg compared to yesterday's session, helping coffee prices regain some of what they lost in the previous week's plunge. This is the second consecutive increase session this week, bringing excitement to farmers before the Tet holiday.
Specific price movements in key areas:
Dak Nong (old): Continuing to maintain the leading position when increasing by 500 VND, listed at 96,500 VND/kg.
Dak Lak and Gia Lai: Both recorded an increase of 500 - 600 VND, currently purchasing at the same price at 96,300 VND/kg.
Lam Dong: Increased the most in the region with a level of 600 VND, bringing the price of raw coffee beans in the locality to 95. 200 VND/kg.
World coffee prices
The international market has strong recovery from both of the world's largest futures exchanges.
London Stock Exchange (Robusta): After hitting a 5.75-month low last week, Robusta prices rebounded impressively by 79 USD (equivalent to 2.10%), closing the trading session at 3,834 USD/ton. The main driver came from the Brazilian Real rising to its highest level in 1 week against the USD, causing Brazilian farmers to limit export sales.
New York Arabica Exchange: Also recorded green with an increase of 3.30 cents (equivalent to 1.11%), closing the session at 299.85 cents/lb. Besides the exchange rate factor, Arabica prices benefited greatly from a report by the Confederation of Colombian Coffee Growers stating that the country's January production decreased by 34% compared to the same period, down to 893,000 bags.
Market opinion
Although prices are recovering positively, pressure from long-term supply prospects is still a significant "reverse wind". The Conab forecasting agency (Brazil) recently raised its forecast for coffee production in 2026 to a record level of 66.2 million bags, an increase of 17.2% compared to the previous year. In addition, the weather situation in Brazil is also supporting crop yields as the Minas Gerais region received 113% of the historical average in the past week.
In Vietnam, although exports in January grew sharply (up 38.3%) putting pressure on Robusta prices, Brazil's export decline (down 42.4% in January) is helping to keep the market down.
