Domestic coffee prices suddenly drop
The domestic coffee market recorded a sharp decrease of VND1,500/kg. The purchase price in the areas is as follows:
Dak Lak, Dak Nong: 132,000 VND/kg (1,500 VND)
Lam Dong: 130,000 VND/kg (1,500 VND)
Gia Lai: 131,800 VND/kg (1,500 VND)
The sharp decrease of 1,500 VND has caused this agricultural product to fall to 132,000 VND/kg.
World coffee prices reverse simultaneously
On the London Stock Exchange, Robusta prices fell sharply:
5th term: 5,397 USD/ton (131 USD, equivalent to -2.37%)
7: 5,377 USD/ton (-129 USD, equivalent to -2.34%)
In the same direction, Arabica prices on the New York exchange fell after a series of increases and decreases:
Month term: 377.20 cents/lb (-8.50 cents, equivalent to -2.20%)
Monthly term: 370.85 cents/lb (-7.80 cents, equivalent to -2.06%)
Reasons for coffee prices' sudden change direction
Coffee prices in recent years have been strongly affected by financial investors on the London and New York exchanges, so price prediction is difficult.
At the same time, the increase in ICE- certified Robusta and Arabica coffee inventories will put pressure on prices in the coming weeks.
Coffee price forecast
In terms of supply and demand, it is worth noting that Brazil, the world's largest coffee producer and exporter, accounting for nearly half of the world's output, will start harvesting in July.
The Brazilian Coffee Industry Association (ABIC) forecasts that in the coming time, world coffee prices will continue to increase due to the coffee farming situation in this country that has been affected by unfavorable weather over the past 4 years.
However, it is forecasted that in the 2025-2026 coffee crop, Brazil's coffee output will be the lowest in the past 3 years, reaching only 3.6 million tons, down 4.4% compared to the previous crop.
