At the end of the latest trading session, the price of Robusta coffee in London for delivery in May 2024 increased by 57 USD/ton, at 3,900 USD/ton, for delivery in July 2024 increased by 62 USD/ton, at 3,852 USD/ton.

Arabica coffee price for delivery in May 2024 increased by 4.3 cents/lb, at 224.65 cents/lb, for delivery in July 2024 increased by 3.1 cents/lb, at 220.45 cents/lb.

Summarizing the week, the price of Robusta coffee futures for May delivery increased by a total of 156 USD. The price of Arabica coffee futures for May delivery increased by 12.15 cents. Domestic coffee prices continue to increase by an average of 7,000 VND/kg, continuously collapsing prices.

Last week, the price of Robusta coffee for May delivery increased by 265 USD. The price of Arabica coffee futures for May delivery increased by 23.65 cents. Domestic coffee prices increased by 5,000 VND/kg. In the first 2 weeks of April 2024, domestic coffee increased by more than 10,000 VND/kg, exceeding 110,000 VND/kg.

Concerns about coffee crops in Brazil and Vietnam are boosting coffee futures purchases by funds. From a certain perspective, the current problem of drought and hot weather is more serious than the crop failure in Brazil in 1994 due to frost, because the current extreme weather phenomenon is occurring. widespread and affecting many producing countries.

The liquidation of coffee futures also appeared on Friday, causing prices to fall towards the end of the session as the Brazilian real fell to a six-month low against the dollar. It must be said that this is a very good time for investors on the exchange to liquidate their May buying positions.

The number of open contracts for Robusta coffee for the May term has begun to decrease from the most recent high of 50,978 lots on April 2 to 28,778 lots. However, this liquidation in the past 2 weeks has not caused Robusta prices to decrease, on the contrary, they have increased sharply.

According to experts, the actual coffee output is lower than calculated. Information that there is still a lot of coffee inventory among people and agents has no solid basis, because with people's psychology, when coffee prices increased from less than 50,000 VND/kg to 90,000 VND/kg in just In a few months, no one dares to reserve large quantities.

Estimated coffee output among farmers and agents is about 300,000 tons. Meanwhile, on average for the remaining 6 months of the 2023 - 2024 coffee crop, Vietnamese export enterprises need about 80,000 tons.

According to statistics from the General Department of Vietnam Customs, Vietnam's coffee exports in March 2024 reached nearly 189,000 tons, an increase of 17.7% over the same period in 2023. But industry insiders are mentioning the problem. The problem of disruption in the raw coffee supply chain in the past two years. Purchasing domestic coffee is increasingly difficult and risky.

Export coffee prices increased sharply, Robusta climbed to a new record high

Experts expect Robusta coffee production in Brazil to increase further in 2024. Broker StoneX forecasts that Brazil's 2024 Robusta coffee production will be about 22.7 million bags compared to 21.5 million bags in 2024. 2023. There is not much inventory left from the 2023 crop.

The price of green coffee in Vietnam continuously sets new peaks, while people are excited, many export businesses are facing difficulties due to delayed delivery and cancellation of deliveries by some intermediary purchasing units. If in March 2023 it is at 47,000 VND/kg, by October 2023 the price will fluctuate at 58,000 VND/kg) and currently the coffee price is at 110,000 VND/kg. For a long period of about ten years (2013 - 2023), coffee prices remained low and did not exceed 40,000 - 50,000 VND/kg, leading to some farmers deciding to convert crops to crops with economic value. higher.

According to experts, the actual coffee yield is lower than calculated. Estimated coffee output among farmers and agents is about 300,000 tons. Meanwhile, on average for the remaining 6 months of the 2023 - 2024 coffee crop, Vietnamese export enterprises need about 80,000 tons.

Robusta coffee prices hit a new high in London on concerns that continued declines in output in top producer Vietnam will cause supply shortages.

Futures for Robusta coffee, the cheaper variety used in instant drinks, rose 1.6% to the highest level in data dating back to 2008.