Coffee prices today, August 24th: Slight increase, against the world trend

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Coffee prices today, August 24, increased by 300 VND/kg in key areas, averaging 96,600 VND/kg. World prices fell sharply again in the most recent session.

Domestic coffee prices today

Coffee prices today in the domestic market increased slightly compared to the previous session. According to giacaphe. com, the average coffee price on August 24 was 96,600 VND/kg, an increase of 300 VND/kg.

In Dak Lak, coffee prices were recorded at 96,500 VND/kg, an increase of 300 VND/kg compared to the previous session.

In Lam Dong, coffee prices reached 96,000 VND/kg, an increase of 300 VND/kg. This is the lowest level among the surveyed areas.

In Gia Lai, coffee prices are at 96,500 VND/kg, an increase of 300 VND/kg.

The old Dak Nong area recorded a level of 96,800 VND/kg, an increase of 300 VND/kg. This is the highest level in today's price list.

Despite increasing again, the price level is still significantly lower than the 98,000-99,000 VND/kg area recorded last week.

The USD/VND exchange rate according to Vietcombank is recorded at 25,900 VND/USD.

World coffee prices

In the world market, coffee prices decreased in the most recent session.

According to Barchart, the December 2026 Arabica futures contract closed the last session of the week down 6.65 US cents/lb, equivalent to 2.02%. In the same session, the September 2026 Robusta futures contract fell 104 USD/ton, equivalent to 2.81%.

Coffee prices fell as the market expects drier weather in Brazil to help accelerate harvest progress. Robusta alone is also under pressure from increased inventory, as Robusta inventory certified on ICE reached 4,732 lots, the highest level in 8.75 months.

Coffee price assessment

Domestic coffee prices increased slightly after adjustment sessions, but the upward momentum is still quite thin. The sharp decrease in world Robusta in the most recent session may cause the domestic market to continue to be cautious in the coming sessions.

For Vietnam, Robusta London is still a more important reference because this is the main coffee group. When Robusta decreases by nearly 3%, domestic purchasing prices are unlikely to have a strong upward momentum if there is no additional purchasing power from export businesses or supporting factors from actual supply.

From an export perspective, according to the Ministry of Agriculture and Environment, in July, Vietnam exported about 147,600 tons of coffee, worth 639.5 million USD. Accumulated in the first 7 months of the year, coffee exports reached about 1.2 million tons, an increase of 10.8% in volume but a decrease of 11.2% in turnover, to 5.45 billion USD. This development is mainly due to the average export price decreasing by 19.9% compared to the same period, down to 4,537 USD/ton.

Regarding the weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 24, the Central Highlands area will be cloudy, sunny during the day; showers and scattered thunderstorms in the late afternoon and night. Lowest temperature 20-23 degrees C, highest 28-31 degrees C, in some places above 32 degrees C. In thunderstorms, there is a possibility of tornadoes, lightning and strong gusts of wind.

Rainstorms in this season need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.

In the coming sessions, the diễn biến of Robusta London, Arabica New York, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate the domestic price level.

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