Domestic coffee prices
The domestic coffee market this morning, March 21, did not record new fluctuations, maintaining the good price level established in the explosive trading session on March 20. Currently, the average purchase price level of the entire Central Highlands region is still firmly anchored at the threshold of 93,500 VND/kg. This is the most positive price range since the beginning of March, helping farmers consolidate profits after a period of strong market fluctuations.
Detailed purchase prices in key areas:
Dak Lak and Gia Lai: Continue to trade at 93,500 VND/kg.
Dak Nong (old): Maintains the milestone of 93,500 VND/kg.
Lam Dong: Anchor stable at 92. 300 VND/kg.
World coffee prices
The last trading session of the week witnessed clear differentiation as the strengthening USD curbed the increase of the London exchange.
New York Stock Exchange (Arabica): The May 2026 delivery term continued its excitement, increasing sharply by 8.85 cents (+2.94%), closing the session at 309.75 cents/lb. This is the highest level in 1.5 months. Despite inventory on the ICE floor increasing to a 5.75-month high (more than 585,000 sacks), concerns about the closure of the Hormuz Strait disrupting the global supply chain are still the main driving force pulling prices up.
London Stock Exchange (Robusta): May 2026 futures had a slight correction, down 5 USD (-0.14%), closing the session at 3,664 USD/ton. Although Robusta's inventory on the ICE floor fell to a 2-month low (only 4,257 lots), the recovery of the USD at the end of the session pushed Robusta into a slight red price range after hitting a 1.5-week high.
Market opinion
The coffee market is strongly dominated by geopolitical factors. The closure of the Strait of Hormuz not only increases transportation, insurance and fuel costs but also directly causes difficulties for imports from international roasters. Conversely, long-term supply pressure remains as StoneX raises its forecast for Brazil's 2026/27 crop output to a record 75.3 million bags and Rabobank forecasts global output to reach 180 million bags.
It is predicted that in the first sessions of next week, coffee prices will continue to accumulate and struggle around the 93,000 - 94,500 VND/kg range. However, if the USD continues to maintain its strong upward momentum, Robusta may have difficulty regaining its breakthrough momentum. Farmers should take advantage of this period when prices are anchored at a high level to balance sales, and closely monitor developments in Brazil when rainfall in Minas Gerais is at a very good level (reaching 139% of the historical average), promising a bumper crop that may put downward pressure on prices in the medium term.
