VINAGRI News - Domestic coffee prices in Vietnam surged sharply on October 31, reaching their highest levels in weeks amid falling global inventories and tightening supply concerns. Robusta futures on the London exchange are expected to maintain a mild upward trend, with the January 2026 contract targeting around USD 4,660 - 4,680/ton.
Summary:
> Vietnam’s domestic robusta prices jumped VND 1,300 - 1,500/kg to VND 116,900 - 118,200/kg.
> London ICE robusta futures rose, with the January 2026 contract up 0.67% to USD 4,641/ton.
> Global coffee inventories hit multi-month lows on both arabica and robusta.
> U.S. coffee supply chains are under pressure due to high tariffs and port delays for Brazilian shipments.
> Robusta January 2026 futures expected to stay mildly bullish, targeting USD 4,660 - 4,680/ton.
At the close of trading on Thursday (October 30), London ICE robusta coffee futures continued to rise. The November 2025 contract increased by 0.81% (+USD 37) to USD 4,622/ton, while the January 2026 contract gained 0.67% (+USD 31) to USD 4,641/ton.
Converted to Vietnamese currency, the January 2026 robusta futures price is currently equivalent to VND 122,100/kg, based on the exchange rate of USD 1 = VND 26,312.
In Vietnam’s Central Highlands, domestic coffee prices on the morning of October 31 continued their strong upward trend, rising VND 1,300 - 1,500/kg to reach VND 116,900 - 118,200/kg. With an average price of VND 118,000/kg, domestic robusta coffee remains VND 4,100/kg (approximately USD 156/ton) below the London January 2026 futures price.
As of October 30, ICE-monitored arabica coffee inventories fell to a 1.5-year low of 446,475 bags, while robusta inventories dropped to a 3.25-month low of 6,111 lots.
According to Reuters, U.S. coffee inventories are expected to hit record lows by December, intensifying pressure on roasters and coffee supply chains to secure alternative sources at profitable price levels. High import tariffs have severely impacted the U.S. coffee industry, leaving thousands of tons of Brazilian coffee stranded at ports, forcing roasters to pay cancellation penalties, and pushing consumer coffee prices up by as much as 40%.
Given current supply-demand conditions, London robusta January 2026 futures are likely to maintain a mildly bullish trend in the October 31 trading session, with a target range of USD 4,660 - 4,680/ton, unless new supply information emerges from Vietnam or significant fluctuations occur in the U.S. dollar exchange rate.
NPK/ Vinagri News
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