Vietnamese coffee prices dipped last week, closing at 92,200-93,000 VND/kg, a decline of 1,000-1,200 VND/kg compared to the previous week. Traders adopted a cautious approach, waiting for supplies from the upcoming 2026-2027 harvest. The Vietnam Coffee-Cocoa Association (Vicofa) anticipates an 8-10% increase in coffee exports for 2026, though export value growth remains uncertain due to fluctuating coffee prices. The association advises businesses to focus on higher-value processed coffee and expand into new markets to reduce reliance on raw bean exports.
On the global market, Arabica coffee prices fell 0.7% to $2.8695 per pound, influenced by strong export activity from Brazil. Conversely, Robusta coffee prices rose 1.4% to $3,470 per ton. Meanwhile, cocoa prices faced pressure from an expected surplus in the 2025/2026 crop year, while rice prices in Vietnam remained stable, with high-quality varieties maintaining their values.
In the U.S., corn futures dropped sharply after the USDA increased its yield and production forecasts, leading to concerns about shrinking profit margins for farmers. Soybean prices saw a modest rise due to short covering, despite higher production outlook.