Today, October 19th, domestic coffee prices hover around 114,300 VND/kg, a 500 VND/kg increase from last week.
This Season’s Prices Outpace Last Year’s
Compared to the start of last season, coffee prices are currently 4,000–5,000 VND/kg higher.
As it’s early in the harvest, farmers are only selectively picking ripe coffee cherries (known as “cà phê bói”) rather than large-scale harvesting. They’re primarily selling fresh coffee to agents at 21,000–24,000 VND/kg. For context, approximately 5 kg of fresh coffee yields 1 kg of dried coffee beans.
Last week, Robusta coffee prices on the London exchange rose by 1.61% (72 USD/ton), reaching 4,552 USD/ton.
On the New York exchange, Arabica coffee prices surged by 6.57% (540 USD/ton), hitting 8,760 USD/ton.
Farmers are optimistic about a bountiful, profitable harvest.
What’s Driving the Price Increase?
According to expert Nguyễn Quang Bình, the price rise stems from trade policy uncertainties.
For Arabica coffee, a 50% import tax on Brazilian beans has spurred investors to buy heavily on the exchange, driving inventories to their lowest level in 19 months.
Vietnam’s Robusta coffee is also benefiting, as its lower price compared to Arabica leaves room for further increases.
However, trade congestion in the coffee market poses risks of price drops if sellers can no longer store their inventory.
Today’s Coffee Prices (10/13): Will a Surge in U.S. Purchases Spark a Rebound?
Today’s coffee prices may rise as farmers are currently engaged in selective harvesting, while the U.S. is significantly increasing its purchases of Vietnamese coffee.
Today’s Coffee Prices (Oct 14): Strong Start to the Week with Upward Trend
Coffee prices surged today, with both Arabica and Robusta experiencing significant gains. Vietnam’s coffee exports to Japan saw an even more notable increase, surpassing the overall market trend.
Today’s Coffee Prices (12/10): Harvest Decline Predicted, Exports Forecast at $9 Billion
Coffee prices dipped today under harvest pressure, yet forecasts for consumption in the final months of the year remain strongly optimistic.
Today’s Coffee Prices (Oct 8): Sharp Decline Leaves Vietnamese Businesses at a Disadvantage in the Final Harvest Season
Coffee prices continued their downward trend today, with both Arabica and Robusta experiencing declines on international exchanges, a pattern reflected in domestic markets as well.
Today’s Coffee Prices (10/10): A Sharp Rise Followed by a Retreat
Today’s coffee prices surged at the opening session but failed to sustain the momentum by the close, leaving the coffee industry grappling with ongoing challenges exacerbated by VAT pressures.
