VINAGRI News - Robusta coffee prices on the London ICE Futures exchange edged higher on November 27, while domestic prices in Vietnam also increased slightly. Despite the uptick, local prices remain below the March 2026 futures contract. Weather risks from Tropical Storm No. 15 continue to support the global market.
Summary:
> London ICE robusta futures closed higher on November 27.
> March 2026 futures equal VND 115,700/kg, still above Vietnam’s local prices.
> Domestic prices in the Central Highlands rose VND 500/kg to VND 111,100 - 112,200/kg.
> Tropical Storm No. 15 poses risks to harvest progress.
> Prices on November 28 are expected to rise slightly or remain stable, with the March 2026 contract likely near USD 4,400/ton.
The January 2026 contract rose to USD 4,539/ton, up 0.58% (+USD 26/ton) from the previous session. Nearby contracts also posted mild gains, with the March 2026 contract climbing 0.27% (+USD 12/ton) to USD 4,389/ton.
Based on the current exchange rate of USD 1 = VND 26,372.50, the March 2026 futures price is equivalent to VND 115,700/kg.
Domestic robusta prices in Vietnam’s Central Highlands increased slightly by VND 500/kg on the morning of November 28, reaching VND 111,100 - 112,200/kg. With the average price at VND 112,000/kg, domestic robusta remains VND 3,700/kg lower than the March 2026 London futures contract - a difference of approximately USD 140/ton.
Meanwhile, Tropical Storm No. 15 continues to evolve unpredictably. Although it has weakened, it is forecast to move toward the South Central Coast, bringing rainfall that may disrupt coffee harvesting activities across the Central Highlands.
Looking ahead to the November 28 session, robusta prices on the London ICE exchange are expected to edge higher or remain stable. The March 2026 contract is likely to hover near USD 4,400/ton, unless unexpected developments shift market sentiment. Weather-related supply concerns and storm-related risks remain the key factors underpinning the market.
NPK/ Vinagri News
No comments:
Post a Comment