(HSV VIETNAM GROUP) - On January 7, coffee prices continued to increase due to concerns about supply decline in leading supplying countries including Vietnam and Brazil. At the end of the session, Arabica and Robusta coffee prices both increased by over 0.6%, closing at 7,065 USD/ton and 5,019 USD/ton, respectively.
According to the Vietnam Commodity Exchange MXV, the industrial raw materials group continued to experience a session of relatively mixed fluctuations.
However, the prices of most items witnessed quite modest changes, increasing or decreasing by no more than 1%. In particular, coffee prices continue to benefit in the context of declining supply in leading supplying countries including Vietnam and Brazil. At the end of the session, Arabica and Robusta coffee prices both increased by over 0.6%, closing at 7,065 USD/ton and 5,019 USD/ton, respectively.
Specifically, according to preliminary estimates of the General Statistics Office of Vietnam (GSO), Vietnam exported over 125,900 tons of coffee in December last year, down 39.3% over the same period in 2023.
For the whole year 2024, Vietnam exported 1.34 million tons of coffee, down 17.2% compared to 2023.
In addition, in Brazil, data released by the Government also shows that the country exported 200,000 tons of coffee in December, down 17.1% over the same period in 2023.
Furthermore, industry experts have warned that coffee exports in Brazil are facing disruptions due to difficult logistics activities at export ports.
Specifically, according to a survey by the Brazilian Coffee Exporters Council (Cecafé) with 27 affiliated companies, accounting for 75% of total exports, continuous delays and changes in export ship sizes, combined with frequent turnover of goods, have caused 1.615 million 60kg bags of coffee to be held at ports and not yet exported by November 2024.
In the opposite direction, the March 2025 contract cocoa price turned down more than 1% after experiencing a relatively volatile session. Prices continue to be supported in the context of a sharp decline in supply in major producing countries. Furthermore, data also shows that global cocoa stocks continue to decline.
Specifically, yesterday, cocoa inventories monitored by the Intercontinental Exchange (ICE) stored at US ports fell to a 20-year low of 1.345 million bags.
Coffee prices continue to increase in the context of supply decline in Vietnam and Brazil photo 2
According to the Vietnam Commodity Exchange (MXV), in yesterday's trading session (January 7), the prices of most metal products simultaneously increased. Notably, platinum prices increased by 3.6%, reaching the highest level in the past 7 weeks. In addition, in the industrial raw materials market, the prices of two coffee products also recovered positively in the context of concerns about supply shortages in major producing countries such as Brazil and Vietnam. At the close, buying power prevailed, pulling the MXV-Index up 0.11% to 2,229 points.
Ha Diem HSV