According to the Vietnam Commodity Exchange (MXV), closing the trading session on December 10, the price list of industrial raw materials saw a difference in green and red. Notably, the prices of two coffee products fluctuated strongly, improving compared to the reference level.
In particular, Arabica coffee prices increased by 1.23%, continuing to anchor at the highest level in 47 years and at one point during the session reached the highest level in history when approaching the mark of 7,400 USD/ton. Robusta coffee prices recorded the 5th consecutive increase after inching up 0.62% yesterday. Concerns about supply in Brazil kept prices increasing despite profit-taking pressure.
Volcafe lowered its forecast for Brazilian Arabica coffee production in the 2025-2026 crop year to 34.4 million bags, down about 11 million bags from the September estimate after an on-the-ground survey showed the severity of the drought. lengthen. At the same time, Volcafe forecasts the global Arabica coffee deficit in 2025-2026 at 8.5 million bags, higher than the deficit of 5.5 million bags in the 2024-2025 crop year and the 5th consecutive year of deficit. .
However, Brazil and other major producing countries continue to promote post-harvest coffee exports in the 2024-2025 crop year, contributing to adding supply to the market in the short term and creating pressure on prices. The Brazilian Coffee Exporters Association (CECAFE) announced that in November, this South American country exported 4.66 million 60 kg bags of coffee, an increase of 5.4% compared to the same month in 2023. Calculated Overall, in the first 11 months of 2024, Brazil’s coffee exports reached a record of nearly 46.4 million bags, exceeding 3.78% compared to the highest level recorded in 2020 and increasing. 32.2% over the same period in 2023. Previously, the Brazilian Government announced that in November, the country exported more than 285,000 tons of green coffee, an increase of 21.6% over the same period in 2023.
In addition, the US Department of Agriculture (USDA) forecasts that Vietnam’s 2024-2025 coffee production will reach 30.1 million 60 kg bags, an increase of 1.1 million bags compared to the prediction of the US-based USDA. and 2.6 million bags higher than the 2023-2024 crop year. Increased production leads to expected exports of 26.9 million bags, an increase of 380,000 bags compared to USDA’s initial forecast and 2.52 million bags higher than the 2023-2024 crop.
In the domestic market, as of 11:30 a.m. today (December 11), the domestic coffee market continues to increase, on average increasing by 800 VND/kg per session, currently the price fluctuates between 124,000 – 124,900 VND/kg. . The average coffee purchasing price in the Central Highlands provinces today is 124,800 VND/kg.
Lam Dong is still the province with the lowest coffee purchasing price in the Central Highlands region. Compared to yesterday’s closing level (December 10), coffee prices in this area increased by the lowest 500 VND/kg in coffee growing areas, standing at 124,000 VND/kg.
In the same afternoon, coffee purchasing prices in Gia Lai and Dak Lak provinces today ranked second on the rankings, increasing by 700 VND/kg, simultaneously listed at 124,700 VND/kg.
Notably, Dak Nong always maintains a stable performance, firmly maintaining the leading position in the province and city with the highest coffee purchasing level in the country, set at 124,900 VND/kg.
