Domestic coffee prices today
The domestic coffee market this morning, April 29th, recorded very strong growth momentum in all key growing areas of the Central Highlands.
According to surveys, the average purchase price throughout the region has jumped up by another 1,700 VND/kg, bringing the average price level to the threshold of 88,700 VND/kg.
In Dak Nong province (old), coffee prices recorded the highest increase with 1,800 VND, pushing the purchase price to the mark of 88,800 VND/kg.
Dak Lak and Gia Lai provinces both have an increase of 1,600 VND, currently trading stably at 88,600 VND/kg.
Lam Dong area listed a price of 88. 100 VND/kg after recovering by another 1,600 VND compared to yesterday's session. This increase shows that the market is reacting positively to signals of tightening supply from international reserves.
World coffee prices today
Developments on world exchanges last night were also brilliantly green as the decline in inventory triggered a buying wave. Robusta coffee prices on the London exchange for July delivery increased by another 53 USD (equivalent to 1.55%), closing the session at 3,481 USD/ton.
At the same time, the New York exchange witnessed the price of Arabica for July delivery increase by another 2.20 cent (equivalent to 0.76%), closing at 290.70 cents/lb. Arabica inventories monitored by ICE have fallen to a 2-month low of 494,508 bags, while Robusta inventories also anchored at a 16-month record low of only 3,755 lots. These figures show that actual supply is being significantly tightened, creating a solid momentum for futures prices to break through.
Besides the inventory factor, geopolitical tensions in the Middle East continue to be an important pillar for coffee prices. Concerns about a prolonged war between the US and Iran that would cause the Hormuz Strait to be closed are disrupting the global supply chain. The blockade of this vital sea route has directly pushed up freight rates, insurance costs, fuel and fertilizer prices, putting great pressure on the cost of goods from roasters and international importers.
In South America, Brazil's coffee exports in March recorded a sharp drop of 10% to 31% depending on the report, showing that the volume of goods pushed into the market from the world's number one producer is showing signs of slowing down.
However, investors are still cautious about the prospect of Brazil's record crop season next crop year with expected output reaching 75.9 million bags. At the same time, the global coffee surplus report for 2026 expanding to 10 million bags according to StoneX is still a factor hindering the overheated increase in the long term.
In Vietnam, export growth in the first quarter reached 14% with 585,000 tons, which is also a barrier preventing Robusta prices from breaking out of high resistance zones.
It is forecasted that in the coming sessions, domestic coffee prices will continue to fluctuate strongly around the 87. 500 - 89. 500 VND/kg range.
Note: The actual prices in localities may differ depending on the quality of the seeds and actual transaction agreements.
