Robusta coffee prices rise on London exchange, but domestic rates remain lower

VINAGRI News - Robusta coffee futures on the London ICE exchange continued to climb on December 10, while domestic prices in Vietnam rose but still trailed far behind futures. Global ICE-certified inventories continued to shrink, providing some support to prices, though the market may face mild downward pressure in the next session.

Summary:

> London robusta March 2026 closed at 4,138 USD/ton, up 0.71%.

> Domestic Vietnam prices increased to 101,300 - 102,100 VND/kg, still 7,300 VND/kg below London futures.

> ICE inventories continue to shrink: Arabica: 1.75 - year low before slight recovery. Robusta: 11.5 - month low at 4,012 lots.

> Forecast for Dec 11: Narrow trading range, slight downside risk at 4,070 - 4,120 USD/ton.

Robusta coffee prices on the London ICE exchange continued their upward trend in Wednesday’s session (December 10). The March 2026 robusta contract closed higher at 4,138 USD/ton, up 0.71% (+29 USD/ton) from the previous session. Most other contracts also advanced, except for the January 2026 contract, which slipped 0.17% (-7 USD/ton) to 4,221 USD/ton.

Converted into local currency, the March 2026 robusta futures price is equivalent to 109,000 VND/kg, based on the current exchange rate of 1 USD = 26,346.50 VND.

In Vietnam’s Central Highlands, domestic coffee prices on the morning of December 11 rose by 500 - 600 VND/kg, reaching 101,300 - 102,100 VND/kg. With an average of 101,700 VND/kg, local robusta prices remain 7,300 VND/kg lower than the March 2026 futures price on the London ICE exchange - equivalent to a discount of approximately 277 USD/ton.

Global certified coffee inventories continue to decline. ICE-monitored arabica stocks fell to a 1.75-year low of 398,645 bags on November 20 before rebounding to a one-month high of 426,523 bags last Friday. ICE-certified robusta inventories dropped to an 11.5-month low, reaching 4,012 lots as of Wednesday.

Looking ahead to the December 11 session, March 2026 robusta futures on the London ICE exchange are expected to trade within a narrow range with a slight downward bias. Prices are projected to fluctuate around 4,070 - 4,120 USD/ton.

NPK/ Vinagri News