Today, September 28th, major coffee trading floors worldwide, including London and New York, are closed for the weekend.
Coffee Prices Experience a Week of Volatile Fluctuations
Robusta prices currently stand at $4,201 per ton, up $66 per ton (1.6%) from last week.
Meanwhile, domestic coffee prices in Vietnam have reached 115,500 VND/kg, a 4,100 VND/kg (3.7%) increase compared to last week, indicating a stronger price surge domestically.
However, as the harvest season nears its end, domestic coffee supplies are scarce, driving prices upward. Despite this, prices have yet to meet farmers’ expectations, having peaked at 135,000 VND/kg earlier in the season and holding steady at 130,000 VND/kg for an extended period.
Over the past week, coffee prices have fluctuated dramatically, with daily shifts in the hundreds and alternating increases and decreases. This volatility has made trading challenging, as the margin between buying and selling prices is a mere 500 VND/kg.
Coffee prices followed a zigzag pattern last week
Vietnam Should Establish a Commodity Exchange
At the HUBA Business Cafe event on September 27th, Mr. Phan Minh Thong, CEO of Phuc Sinh Corporation, a leading agricultural exporter, highlighted the risks of price volatility. He noted that a single night of price fluctuations can result in millions of dollars in losses for agricultural trade contracts.
Mr. Thong proposed the establishment of a Commodity Exchange in Vietnam as a tool for price insurance and control.
Mr. Phan Minh Thong (with microphone) proposes the establishment of a commodity exchange – Photo: HUBA
“Vietnam possesses all the necessary conditions to establish a Commodity Exchange, particularly given its dominance in global markets for pepper (55% market share) and coffee (nearly 30%). A Commodity Exchange linked to physical goods could create numerous job opportunities, transform Vietnam into a financial hub, and attract buyers and sellers from around the world,” stated Mr. Thong.
Mr. Thong cited examples such as the Netherlands’ century-old flower exchange, India’s pepper exchange despite its smaller market share, and Singapore’s rubber exchange, which controls the Southeast Asian rubber market despite not producing rubber domestically.
Today’s Coffee Prices (Sept 30): Slight Decline as Harvest Season Begins
Coffee prices have dipped today, prompting a flurry of activity in Vietnam’s Central Highlands as coffee plantations gear up for the upcoming harvest after a year of significant investment.
Today’s Coffee Prices (September 29): Where Will the New Week Take Us?
How will coffee prices fare today as Vietnam officially enters the 2025-2026 crop year this week?
Today’s Coffee Prices (Sept 26): Robusta Plunges as China Cuts Vietnamese Coffee Imports
Coffee prices took a dramatic turn today, with Robusta experiencing a sharp decline while Arabica continued its upward trend with a modest gain.
Today’s Coffee Prices (24/9): A Sharp Decline
Coffee prices today experienced a sharp decline, plummeting further than the recent triple-digit surge in Robusta prices.
Today’s Coffee Prices (23/9): Surging by Three Digits
Coffee prices surged today, rebounding from four consecutive sessions of decline last week. The rally was fueled by adverse weather conditions in Vietnam, a major producer, just ahead of the harvest season.
