VINAGRI News - Robusta coffee prices on the London exchange fell on Wednesday, with domestic prices in Vietnam also declining as heavy rains and flooding continued to disrupt harvest activities in the Central Highlands. ICE-monitored inventories of both arabica and robusta dropped further amid reduced U.S. purchases of Brazilian coffee following higher import duties.
Summary:
> London robusta January 2026 fell 1.24% to USD 4,516/ton.
> Domestic prices in the Central Highlands dropped to 112,600 - 113,700 VND/kg.
> ICE inventories of arabica and robusta declined to multi-month lows.
> U.S. purchases of Brazilian coffee down 52% due to new tariffs.
> Heavy rains and flooding in Đắk Lắk are slowing harvest progress.
> Prices may rebound slightly to the USD 4,550 - 4,580/ton range depending on harvest conditions and Brazil export news.
At the close of Wednesday’s session (November 19), London robusta coffee futures for January 2026 fell back to USD 4,516/ton, down 1.24% (-USD 57/ton) from the previous trading day. Other maturities also posted notable losses, with the November 2025 contract dropping 1.24% (-USD 57/ton) to USD 4,517/ton.
Converted into Vietnamese đồng, the January 2026 contract decreased to 119,100 VND/kg, based on the prevailing exchange rate of 1 USD = 26,374 VND.
In Vietnam’s Central Highlands, domestic robusta prices on the morning of November 20 declined by 1,200 - 1,300 VND/kg, settling at 112,600 - 113,700 VND/kg. With an average price of 113,400 VND/kg, domestic robusta currently trades 5,700 VND/kg lower than the January 2026 London futures price, equivalent to a discount of roughly USD 216/ton.
ICE-monitored inventories continued to fall as elevated U.S. import tariffs have discouraged buyers from entering new contracts with Brazil. Arabica stocks declined to a 1.75-year low of 396,513 bags, while robusta stocks dropped to a four-month low of 5,648 lots. Between August and October - the period in which the new tariffs took effect - U.S. purchases of Brazilian coffee fell 52% year-on-year to 983,970 bags.
According to Reuters, heavy rainfall since the weekend has triggered flooding and landslides across central and Central Highlands regions of Vietnam. A coffee trader in Đắk Lắk reported that “several low-lying coffee farms in the province are submerged by floodwaters.” Another trader noted that persistent rain continues to delay the harvest, adding: “Farmers have harvested only about 10 - 15% of their crop and urgently need sunshine to dry the cherries.” Continuous rainfall has led to increased cases of cherry cracking and premature drop.
Prices are expected to see a mild rebound from the previous close of USD 4,516/ton, potentially rising to USD 4,550 - 4,580/ton, if Vietnam’s harvest progress deteriorates further or if supportive news emerges from Brazil’s export sector.
NPK/ Vinagri News
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