Domestic coffee prices increase
After deep declines last week, domestic coffee prices today recorded a slight recovery, increasing by VND1,000 - 1,200/kg in key areas.
Coffee prices in Dak Lak and Dak Nong are trading around 131,000 VND/kg, an increase of 1,200 VND compared to yesterday.
In Gia Lai, coffee prices also increased by VND1,200, to VND130,800/kg.
Lam Dong alone had the lowest price of 130,000 VND/kg, but still increased by 1,000 VND/kg compared to the previous day.
World coffee prices recover slightly
In the world market, Arabica and Robusta coffee prices fluctuated but generally maintained a recovery trend.
London Robusta: The May 2025 contract is at 5,353 USD/ton, unchanged from the previous day.
Arabica New York: The May 2025 contract remained at 384.40 cents/lb, without recording significant fluctuations.
World coffee prices are still being affected by the abundant supply in Brazil and Vietnam, but buying pressure is gradually returning, making the market show signs of stabilization.
Reasons for the slight increase in coffee prices
According to analysis from the International Coffee Organization (ICO), coffee prices have recovered due to a number of factors:
Selling volume from Vietnam and Brazil slows down: Although supply is still abundant, farmers in the two largest coffee producing countries in the world are tending to limit sales, expecting prices to increase higher in the coming time.
Speculative activities reduce selling pressure: After the previous strong selling period, investment funds in the coffee market have adjusted their strategies, limited sales, and helped prices stabilize.
Robusta inventories drop sharply: Data from ICE shows that Robusta coffee inventories are at their lowest level in the past two months, creating momentum for price increases in the context of no immediate signs of improvement in supply.
Although coffee prices are on the recovery trend, the market still faces risks from exchange rate fluctuations, monetary policy and global consumption demand.
Coffee price forecast in the coming days
Analysts say that coffee prices may continue to move sideways or increase slightly in the coming sessions when consumption demand remains stable. However, the market still has the potential to adjust if there is increased profit-taking pressure from investors.
