VINAGRI News - Vietnamese robusta coffee prices rose slightly on January 20, trading between VND 98,800 - 99,800 per kg. London robusta futures for March 2026 closed above the $4,000/ton psychological level, signaling a short-term positive trend and a consolidating market.
Summary:
> Domestic robusta coffee rose slightly to VND 98,800 - 99,800/kg, remaining below London futures.
> March 2026 robusta futures closed at $4,016/ton, above the $4,000/ton psychological level.
> Support: $3,960 - $3,980/ton; Resistance: $4,040 - $4,100/ton.
> Market trend: short-term positive with ongoing consolidation.
> Key influences: supply, weather in major coffee-producing countries, and technical price levels.
On January 20, domestic robusta coffee prices in Vietnam increased slightly by VND 400 - 600 per kg, reaching a range of VND 98,800 - 99,800 per kg.
On the international front, March 2026 robusta futures (RMH26) on the ICE London market closed at $4,016/ton on January 19, up 0.40% (+$16/ton) from the previous session. January 2026 contracts fell slightly by 0.12% (-$5/ton) to $4,190/ton, while May 2026 contracts edged up 0.25% (+$10/ton) to $3,935/ton.
Converted to Vietnamese dong at the current exchange rate of 1 USD = VND 26,263.95, the March 2026 robusta futures now stand at VND 105,400 per kg. Compared with the domestic average price of VND 99,600 per kg, domestic coffee currently trades VND 5,800 per kg lower (approximately $220/ton less) than the London futures.
For January 20, March 2026 robusta futures are expected to trade within a narrow range, with a support zone at $3,960 0 $3,980/ton and a resistance zone at $4,040 - $4,100/ton.
In the previous session, prices remained above the $4,000/ton psychological level, reflecting market acceptance of higher price levels and a short-term positive trend. Stable trading volume and high open interest indicate that liquidity remains strong, while the Relative Strength Index (RSI) is near neutral, suggesting the market is not yet overbought.
Market movements in the coming sessions will mainly depend on fundamental factors, including supply conditions and weather in major producing countries. Technical pressure may trigger minor corrections if prices approach the resistance at $4,040/ton. Conversely, if prices dip toward $3,960 - $3,980/ton, technical buying may provide support for a rebound.
Overall, the March 2026 robusta futures market continues to consolidate in a positive short-term trend, providing opportunities for investors and traders to closely monitor both fundamental developments and technical movements.
NPK/ Vinagri News
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