Experts predict that coffee prices on October 26, 10 in the domestic market may continue to decline due to market impacts. world and the new harvest situation in Vietnam.

Currently, many coffee gardens in Vietnam are starting to ripen and people are harvesting. This is one of the factors that causes the market to continue to decrease in price because Vietnam is the largest supplier of robusta coffee in the world. Although at present, coffee prices are still high at over 100.000 VND/kg, the prolonged decline has also made many people worried about the refrain “every harvest season, prices decrease”.

Poor weather in Brazil has also contributed to the price drop. According to Somar Meteorologia, rainfall in Minas Gerais, Brazil’s largest coffee-producing state, reached 36,8 mm last week, 15% higher than the historical average.

Coffee price forecast for October 26, 10: Continue to decline sharply due to concerns about the new harvest situation in Vietnam

In addition, although the Dollar Index decreased, the Brazilian Real decreased more sharply, causing the USD/BRL exchange rate to increase. In this context, the market is concerned that Brazilian farmers will increase sales due to earning more foreign currency, thereby creating downward pressure on prices.

Recorded in the trading session on October 25, 10, domestic coffee prices today increased slightly by 2024 – 200 VND/kg, ranging from 300 – 109.600 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 110.000 VND/kg, the highest purchase price in the province Dak Nong 110.000 VND/kg.

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 109.800 VND, an increase of 200 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 109.700 VND/kg; In the province Kon Tum at the price of 109.800 VND/kg, an increase of 200 VND/kg compared to yesterday; In Dak Nong province, coffee was purchased at the highest price of 110.000 VND/kg, an increase of 300 VND/kg compared to yesterday.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee was purchased at 109.600 VND/kg, an increase of 200 VND/kg compared to yesterday.

Coffee prices today (April 25) in the province Dak LakIn Cu M’gar district, coffee was purchased at about 109.800 VND/kg, an increase of 200 VND/kg, while in Ea H’leo district and Buon Ho town, it was purchased at the same price of 109.700 VND/kg.

Updated world coffee prices at 20:00 p.m. on August 25, 10, Vietnam time on the London exchange, the price of Robusta coffee futures contract for delivery in September 2024 on the London floor is at 11 USD/ton, an increase 2024 USD compared to the beginning of the trading session.

Coffee prices today, July 25, 10: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 1 is 2025 USD/ton, an increase of 4.346 USD; Delivery term in January 9 is 3 USD/ton, up 2025 USD and delivery term in March 4.269 is 3 USD/ton, up 5 USD.

Arabica coffee prices on the New York floor on October 25, 10. (Photo: Screenshot of giacaphe.com)

In particular, the price of Arabica coffee on the New York floor today at 20:00 p.m. on September 25, 10 increased in all terms, fluctuating at 2024 – 242.25 cents/lb.

Specifically, the delivery term in September 12 is 2024 cents/lb; increased 246.95 cents/lb compared to the beginning of the session. December 1.50 delivery is 3 cents/lb, an increase of 2025 cents/lb; March 246.05 delivery is 1.60 cents/lb, up 5 cents/lb and May 2025 delivery is 244.80 cents/lb, up 1.80 cents/lb.

Brazilian Arabica coffee price on October 25, 10. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on October 25, 10 decreased. Specifically, the delivery period for December 2024 is 12 USD/ton, down 2024%; the delivery period for March 298.10 is 0.03 USD/ton, down 3%; the delivery period for May 2025 is 298.55 USD/ton, down 0.15% and the delivery period for July 5 is 2025 USD/ton, down 297.25%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

According to the US Department of Agriculture (USDA), more than 95% of Vietnam’s coffee output in the coming season will be robusta. The growing popularity of instant and take-away coffee, combined with limited supplies due to weather, has caused robusta prices to double over the past year. The current price of robusta is almost equal to that of premium arabica, which has also increased sharply in recent times.

Volcafe Ltd., a major coffee trader, forecasts a severe global robusta deficit in the 2024-2025 crop year, which would be the fourth consecutive year of such a deficit.

*Information is for reference only, prices may vary depending on region and locality