Coffee price rebounds after dip

The rise, which contrasts last month’s trend when prices tumbled to a five-month low of VND90,000, stems from multiple factors, according to industry insiders.

Supply has not met expectations, while demand from major markets typically increases toward year-end, according to the Vietnam Coffee-Cocoa Association.

Additionally, the 50% tariff imposed by the Donald Trump administration on Brazilian goods has slowed trade between the two countries, prompting exporters to seek alternative sources.

Globally, slow delivery from Brazil – the world’s largest coffee producer – has raised concerns about supply shortages.

Brazilian farmers, nearing the end of their harvest, are holding back stocks in anticipation of higher prices.

Coffee in Central Highlands province of Gia Lai, December 2020. Photo by VnExpress/Duc Hoa

Brazil’s Ministry of Commerce has reported a 20% drop in green coffee bean exports in July compared to the same period in 2024, according to data cited by U.S. data provider Barchart.

In Colombia, wet-processed Arabica production in July reached 1.37 million 60-kg bags, up 19% year-on-year, the highest in a decade.

German Bahamon, President of the National Coffee Federation, told Reuters that prolonged heavy rains earlier this year delayed the harvest to the second half of the year.

On the London exchange, Robusta futures for September delivery rose 4.2% to $3,561 per ton, while November contracts increased nearly 4% to $3,510 per ton.

In New York, Arabica futures for September climbed 3.9% to around $6,816 per ton, with December contracts showing similar gains, reflecting a global upward trend.