Closing the trading session on November 7, green covered the price list of industrial raw materials. Specifically, Arabica coffee prices soared 4.7%, to the highest level in nearly a month, and Robusta coffee prices were 4.2% higher than reference thanks to the shift in inter-market cash flow.
The main reason comes from the Dollar Index decreasing by 0.55% as investors shifted cash flow from highly sheltered assets to more profitable investment markets such as the commodity market. or securities.
In addition, market analysts also expressed clearer concerns about the 2025-2026 coffee crop in Brazil not being able to fully recover even though rain has returned recently. In particular, some main coffee growing areas in Brazil also recorded lower rainfall than historical levels, raising concerns about the ability to recover the crop.
However, Brazil is still promoting coffee exports in the 2024-2025 crop year thanks to rising foreign demand and available coffee supply after the 2024 harvest. According to data from the Brazilian Government, the country This exported 270,332 tons of green coffee in October, up nearly 12% over the same period last year and higher than 243,057 tons in September.
On the domestic market, coffee prices in the Central Highlands and Southeast currently fluctuate between 107,500-108,000 VND/kg. Compared to the same period last year, coffee prices are now nearly doubled from 60,200-61,000 VND/kg. Since the beginning of the year until now, the price of this item has increased by more than 40,000 VND/kg from 67,500-68,400 VND/kg.
For cocoa products, price increases led the industrial raw materials group with an increase of 6.3% when also supported by the movement of cash flow between financial markets. In addition, cocoa output in Ghana – the world’s second largest producer of this product – although partially recovering this year, is still below the historical average.
Meanwhile, the amount of cocoa arriving at ports may decrease in December in Ivory Coast – the world’s largest producer of this product due to recent heavy rains and floods reducing the quality of beans.
