Vietnam Coffee Farm-Gate Price Rises 200 Dong per Kilogram

On October 19, farm-gate prices in Vietnam’s four main coffee regions rose about 200 dong per kilogram versus the previous weekend, as the market awaits a new trading rhythm entering the new crop season. According to quotes compiled by Van Hoa newspaper, Dak Lak and Gia Lai purchased at 93,000 dong/kg, Lam Dong at 92,300 dong/kg, and the newly established Dak Nong (within Lam Dong) region was highest at 93,200 dong/kg—a 900 dong spread between the highest and lowest regions.

The newspaper’s published average price index was 93,100 dong/kg, noting this is the source’s own index and not the arithmetic mean of the four local prices. The 200 dong increase belongs to October 19 alone and does not yet reflect October 20 trading.

On international markets, intraday reference quotes as of the evening of October 19 Vietnam time showed London November- delivery Robusta at US$3,463 per tonne, up US$41 or about 1.20% from the previous session’s reference; New York December-delivery Arabica at 310.72 US cents per pound, up 5.12 cents or about 1.68%. These are reference quotes while trading was still in progress, with gains/losses calculated against the prior trading day’s benchmark in the same quote sheet.

Vietnam’s new-crop harvest has begun and beans are gradually entering the market. The newspaper analyzed that if the international rally holds to close, domestic purchase prices on October 20 could get additional support; but when selling volume rises and corporate buying slows, upward price movement may meet resistance—so the international closing trend and actual purchase demand still need to be observed together.

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