Commodity Markets Fluctuate Amid Expected Coffee Surplus and Natural Gas Price Surge
The MXV-Index in Vietnam's commodity market is moving further away from the 3,000-point mark. This decline is largely due to expectations of a more abundant global supply of coffee in the new crop year. According to the source, Arabica prices have fallen to near $6,000 per ton, while Robusta prices dropped 2.31% to $3,260 per ton.
The increase in coffee production and faster harvesting times in major producing countries like Brazil are contributing to the surplus supply. In Brazil, the 2026-2027 crop is nearing completion, with cumulative coffee clearances reaching 2.30 million bags, a 39% increase compared to the previous month.
Additionally, natural gas prices on the NYMEX increased by 4.14% to $3.12/MMBtu on September 22nd due to slower-than-usual US inventory replenishment and high demand for LNG exports.