VINAGRI News - Vietnam’s domestic coffee prices continued to rise on December 25, supported by gains in London robusta futures and tight global supply. Market participants expect prices to remain firm until Brazil’s next harvest in mid-2026.
Summary:
> Vietnam’s domestic coffee prices rose to 95,200 - 97,100 VND/kg on December 25.
> ICE London robusta futures continued to gain, with March 2026 up 0.89% to 3,858 USD/ton.
> Domestic robusta prices remain about 182 USD/ton below London March 2026 futures.
> VICOFA expects coffee prices to stay strong until Brazil’s harvest in mid-2026.
> ICE London is closed for the holiday and will reopen next Monday.
Vietnam’s domestic coffee prices extended their upward trend on December 25, increasing by 700 - 1,700 VND per kilogram to a range of 95,200 - 97,100 VND/kg.
At the close of trading on Wednesday (December 24), ICE London robusta coffee futures continued to advance. The March 2026 contract rose 0.89% (+34 USD) to settle at 3,858 USD per metric ton. Other contracts also posted gains, with the January 2026 contract up 1.06% (+42 USD) to 4,012 USD per ton.
Converted into Vietnamese dong, the March 2026 robusta futures price is currently equivalent to around 101,500 VND/kg, based on an exchange rate of 1 USD = 26,320 VND. Compared with the domestic average price of about 96,700 VND/kg, Vietnam’s robusta coffee is trading at a discount of roughly 4,800 VND/kg, equivalent to about 182 USD per ton, versus the London March 2026 contract.
According to Mr. Do Ha Nam, Vice Chairman of the Vietnam Coffee and Cocoa Association (VICOFA), Vietnam is currently the dominant supplier to the global market, effectively “standing alone” in supplying coffee. As a result, he expects coffee prices to continue rising until May 2026, when Brazil enters its next harvest season.
Indonesia, the world’s third-largest coffee exporter, typically harvests around April. However, its impact on the global market is limited due to relatively smaller production volumes and strong domestic consumption.
Sharing a similar view, Mr. Nguyen Duc Hung, Director of Napoli Coffee Production, Trading and Import-Export JSC, said the current period is favorable for purchasing coffee as harvesting is in full swing and supplies are abundant. He warned that prices are likely to rise in the coming months once the harvest season ends and inventories tighten, according to Nguoi Lao Dong newspaper.
Meanwhile, the ICE London exchange will remain closed for the holiday for the rest of this week and is scheduled to resume trading next Monday.
NPK/ Vinagri News
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