Category: Forex News, News

Today’s agricultural news (November 10): Coffee prices rise slightly.

Domestic pepper prices in key producing areas remained unchanged compared to the previous session, staying within the range of 135,500 – 138,000 VND/kg.

Specifically, Dak Lak continues to lead the country with a purchase price of 138,000 VND/kg. In Lam Dong province, the price of pepper is recorded at 137,000 VND/kg.

In Ho Chi Minh City, the price remained at 136,000 VND/kg. Meanwhile, Gia Lai and Dong Nai provinces traded at 135,500 VND/kg.

Illustration photo: 24h.com.vn

On the world market, the International Pepper Community (IPC) reports that pepper prices in key producing countries are generally stable.

Indonesian black pepper prices are currently at $6,799 per ton. Brazil maintains ASTA 570 black pepper prices at $5,700 per ton, while Malaysia continues to lead the surveyed group with $9,100 per ton.

For Vietnam, the export price of black pepper (500 g/l) remained at US$5,950/ton, while the price for the 550 g/l variety reached US$5,995/ton.

In the white pepper segment, Indonesia maintained a price of $9,285/ton, Malaysia reached $12,000/ton, and Vietnam kept its price at $8,450/ton.

According to data from the International Trade Centre (ITC), in the first nine months of 2026, the US imported 68,797 tons of pepper, worth $524 million.

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Compared to the same period in 2025, import volume increased by 7.1%, equivalent to an increase of 4,538 tons, while value increased by 6.9%. However, compared to the first nine months of 2024, import volume is still 5.9% lower, indicating that demand in the US market has not fully returned to the levels of two years ago.

Notably, Vietnam continues to be the largest supplier of pepper to the US with a volume of 54,939 tons, a 23.3% increase compared to the same period last year, equivalent to an increase of 10,389 tons.

As a result, Vietnam’s pepper market share in the US increased from 69.3% to 79.9%, equivalent to an improvement of approximately 10.6 percentage points.

This means that for every 10 tons of US pepper imported in the first nine months of the year, nearly 8 tons came from Vietnam.

Vietnam’s export growth has significantly outpaced the overall US import growth rate, thereby offsetting declines from some competing sources.

These figures show that Vietnam’s position in the US market continues to strengthen, especially as two major suppliers, India and Indonesia, both recorded a decrease in exports to this market.

However, the increase in market share also means that Vietnamese businesses need to focus on maintaining quality, meeting import standards, and ensuring a stable supply to retain their competitive advantage.  

The forecast for pepper prices tomorrow, November 11th, suggests they may remain around current levels if international export prices remain stable and purchasing activity does not experience significant fluctuations. Some localities may see slight adjustments if demand increases, but there is insufficient basis to confirm that the market will enter a new, strong upward trend.

* Coffee prices in the Central Highlands region have increased slightly, fluctuating between 85,000 and 85,300 VND/kg.

Accordingly, traders in Lam Dong province are buying coffee at the highest price of 85,300 VND/kg, an increase of 600 VND/kg compared to the previous session. Similarly, the price of coffee in Dak Lak province is 85,000 VND/kg, an increase of 500 VND/kg compared to the previous session.

Coffee prices in Gia Lai province are trading at 85,000 VND/kg, an increase of 500 VND/kg compared to the previous session.

According to data from the Vietnam Coffee and Cocoa Association, Vietnam exported approximately 1.8 million tons of coffee in the 2025-2026 crop year, generating about US$8.5 billion in export revenue. This represents a 21% increase in volume and a 1% increase in value compared to the 2024-2025 crop year. This is the highest export value ever recorded for the industry. Of this total, green coffee bean exports reached 1.65 million tons, generating nearly US$7 billion in export revenue, a 21.4% increase in volume but a 1.5% decrease in value compared to the 2024-2025 crop year.

Illustration photo: 24h.com.vn

On the London exchange, robusta coffee futures for January 2027 delivery rose by $66/tonne, or 2.1%, to $3,270/tonne. The March 2027 contract also increased by $50/tonne, or 1.6%, reaching $3,243/tonne.

Robusta coffee’s recovery comes after a period of sharp price declines, and is supported by position adjustments by investors in the futures market.

Conversely, arabica prices on the New York exchange continued to face selling pressure. The December 2026 contract fell 7.2 US cents/pound, or 2.5%, to 280 US cents/pound.

The March 2027 contract fell 1.9% to 271.65 US cents per pound, while the May 2027 contract declined to 267.7 US cents per pound.  

According to Reuters, Citi’s commodity research division continues to maintain a cautious view on the outlook for coffee prices, particularly arabica.

This bank forecasts that the price of arabica coffee futures on the ICE exchange could fall to $2.50 per pound in the next three months and continue to decline to $2.25 per pound within 12 months.

Compared to the $2.80/pound price of the December 2026 arabica contract last week, these forecasts are lower by approximately 10.7% and 19.6%, respectively.

Citi believes the market is approaching a turning point, with the possibility of another downward correction before the end of 2026.

One of the bases for this assessment is the prospect of increased supply in Brazil and Vietnam. Citi has raised its estimate for Vietnamese coffee production by 2 million bags, while Brazilian coffee exports continue to remain at high levels.  

Coffee price forecast for tomorrow, November 11th: The domestic market may continue to trade sideways or experience a slight correction if the supply of new crop coffee increases rapidly. Conversely, the recovery of international robusta prices and purchasing demand from export businesses could support prices. This is a conditional assessment and not yet a confirmed trading price.


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