At the end of the first trading session of the week, both coffee futures exchanges recorded significant increases, with Robusta coffee prices reaching their highest level within a week.
The price of Arabica coffee delivered in December ended Monday’s session with an increase of +10 cents, reaching its highest peak in a week and a half. Prolonged drought in Brazil, the world’s largest coffee producing country, continues to be a supporting factor for the increase in Arabica prices.
In the domestic market, coffee prices today increased by 1,200 – 1,400 VND/kg, fluctuating around 115,000 VND/kg. Many businesses have begun to accept long-distance delivery.
Related news:
– Since April, rainfall in Brazil has been continuously lower than average, negatively affecting the flowering process of coffee trees, an extremely important period in determining output. This reduces the prospects of the 2025/26 Arabica coffee crop in Brazil. According to a report by Somar Meteorologia, the Minas Gerais region, which accounts for about 30% of Brazil’s Arabica coffee production, received only 33.4 mm of rain last week, equivalent to 99% of the historical average.
– Arabica coffee inventories monitored by ICE fell to a four-month low of 795,874 bags as of October 3. Meanwhile, Robusta coffee inventories also monitored by ICE have bottomed out. 4/3/4, only 4,191 lots left last weekend.
– One piece of information that has a negative impact on the coffee market is a report from the International Coffee Organization (ICO) showing that global coffee exports in August increased by +6.5% over the same period last year. ago, reaching 10.92 million bags. From October last year to August this year, global exports increased +9.9%, reaching 125.67 million bags.
Thinh whistle (Giacaphe.com)
