VINAGRI News - Robusta coffee prices on the London exchange continued to rise on Friday (Nov 28), supported by sharply declining ICE inventories and adverse weather conditions in Brazil and Vietnam. Domestic prices in Vietnam also increased but remain below the March 2026 futures level.
Summary:
> London robusta futures continued to rise, with March 2026 closing at 4,413 USD/ton.
> Domestic Vietnamese prices increased but remain discounted compared to futures.
> ICE arabica and robusta inventories dropped to their lowest levels in 1.75 years and 6.5 months, respectively.
> Dry weather in Brazil and heavy rains in Vietnam are adding supply-side pressure.
Robusta coffee futures on the London exchange closed higher on Friday (November 28). The March 2026 contract increased 0.55% (+26 USD/ton) to 4,413 USD/ton, extending its upward momentum. Other contracts also gained slightly, with the January 2026 contract rising 0.57% (+26 USD/ton) to 4,565 USD/ton.
Converted to Vietnamese currency, the March 2026 futures price stands at 116,300 VND/kg, based on the exchange rate of 1 USD = 26,364.98 VND.
In Vietnam, robusta prices in the Central Highlands on the morning of November 29 rose by 400 - 600 VND/kg, reaching 111,500 - 112,800 VND/kg. With an average domestic price of 112,500 VND/kg, local robusta remains 3,800 VND/kg lower than the March 2026 futures contract (equivalent to a discount of about 144 USD/ton).
ICE inventories fall sharply, lending support to prices
ICE-monitored coffee stocks continued to decline significantly, offering strong support to global prices. ICE arabica inventories fell to a 1.75-year low at 398,645 bags on Thursday. ICE robusta inventories dropped to a 6.5-month low at 4,530 lots on Friday.
Weather concerns intensify in Brazil and Vietnam
Dry conditions in Brazil are raising concerns about arabica output. According to Somar Meteorologia, Minas Gerais, Brazil’s largest arabica-producing state, received only 26.4 mm of rainfall in the week ending November 21 - just 49% of the historical average.
In Vietnam, forecasts of heavy rainfall in the Central Highlands - the country’s main robusta region - are expected to further delay harvesting and pose short-term supply risks. Traders report that the harvest continues to lag due to persistent heavy rains, flooding, and landslides, with additional worries about bean quality.
NPK/ Vinagri News
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