Today’s Coffee Prices (Oct 31): Continued Rise and Strategies to Maintain Coffee’s Top Position

Closing the trading session last night and early this morning, October 31 (Vietnam time), Robusta coffee prices on the London exchange rose by 0.67% to 0.88%, while Arabica prices on the New York exchange increased by 0.33% to 0.45%.

Robusta and Arabica See Modest Gains

For the benchmark contracts, January 2026 Robusta prices climbed by $31 per ton to $4,641 per ton, and December 2025 Arabica prices rose by $30 per ton to $8,640 per ton.

Today’s domestic coffee market is expected to see a slight increase from the previous average of 116,500 VND/kg before the London session began.

In yesterday’s session, domestic coffee prices rose by only 800 VND/kg. Notably, prices in Lam Dong (formerly Dak Nong area) surged by 9,000 VND/kg to 116,700 VND/kg. Some dealers purchased premium coffee at 117,000–118,000 VND/kg.

However, the purchase price for ripe red coffee cherries used in high-quality processing remains high, at around 24,000–25,000 VND/kg, equivalent to over 120,000 VND/kg for green coffee beans.

Maintaining Vietnam’s Robusta Dominance

Higher coffee prices have encouraged farmers to adopt new varieties and improve cultivation practices to boost yields and income.

At a recent coffee conference, businesses reported that while Vietnam’s average coffee yield is around 3 tons/ha, some farms in Lam Dong achieve up to 10 tons/ha.

Beyond Vietnam, scientists in Brazil have developed coffee varieties that can be grown near coastal areas with improving yields. As the world’s leading Robusta producer and exporter, Vietnam faces growing competition from other countries entering the market, threatening its top position.

To maintain its competitive edge, Vietnam’s coffee industry must invest in science, technology, and innovation, ensuring the sustainability of coffee—the country’s highest-value export crop.