Domestic coffee prices today
After a series of consecutive declines, coffee prices today, April 10, recorded clear signs of recovery. In the domestic market, green coffee has increased by 1,000 - 1,300 VND/kg, bringing the common price to about 117,300 - 119,000 VND/kg. This move helps farmers somewhat relieve pressure when in previous days, prices had dropped sharply to 118,000 VND/kg.
Accordingly, in Dak Lak, coffee is traded at 119,000 VND/kg, an increase of 1,000 VND compared to yesterday.
Lam Dong recorded the strongest increase, an increase of 1,300 VND, to 117,300 VND/kg.
Gia Lai and Dak Nong both increased to 119,000 VND/kg, an increase of 1,000 VND.
World coffee prices today
On the London Stock Exchange, Robusta coffee futures for May 2025 increased sharply by 51 USD, closing at 4,873 USD/ton. July term increased slightly by 3 USD, to 4,797 USD/ton. Long terms such as September and November have adjusted slightly down, fluctuating around 4,735 - 4,654 USD/ton.
On the New York Stock Exchange, Arabica's May futures fell 1.20 cents but remained well, closing at 341.70 cents/lb. Other terms such as July and September decreased slightly, closing at 340.55 cents/lb and 336.50 cents/lb respectively.
Prices recovered significantly in the session after the US announced a 10% reduction in coffee import tax from Vietnam, much lower than the previously worried 46%. This move has helped ease psychological pressure and create a reassuring force for the global coffee market.
Overview and assessment
International coffee prices recovered mainly thanks to new developments from US trade policy. Instead of applying the 46% tax as previously worried, the US has decided to reduce the Vietnamese coffee import tax rate to 10%, helping to reduce cost pressure and ease market psychology. This is considered a significant boost for Vietnamese coffee - the world's largest Robusta importer.
US-China trade tensions remain central, but the coffee market is gradually finding a balance. Supply over demand eased as London Robusta coffee inventories fell to a more than three-week low, to just about 4,289 batches. At the same time, weather forecasts in Brazil - the largest coffee producing country - are also causing concern. High temperatures and below-average rainfall could lead to a decline in Arabica output this year.
The recovery of coffee prices in today's session is a positive signal, reflecting the caution but optimism of investors. With the current price, Vietnamese farmers still have the mentality of waiting for better prices in the context of many unknown global supply.
