May 8, 2026 | 06:01 GMT +7
May 8, 2026 | 06:01 GMT +7
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On the international market, coffee prices on April 24 recorded their second consecutive session of strong gains, with increases commonly ranging from 3% to 4% across major exchanges. The main driver comes from rapidly declining coffee inventories on futures exchanges as May contracts approach expiration.
Specifically, on the London exchange, robusta prices rose sharply for both May and July delivery contracts. Meanwhile, on the New York exchange, arabica prices also moved higher across the board, reflecting positive investor sentiment amid concerns over short-term supply shortages.
Compared to the previous session, this agricultural market has clearly reversed direction. Earlier, prices experienced a correction due to technical selling pressure, but quickly rebounded as inventories declined sharply and supply from major producing countries such as Brazil and Indonesia has not significantly improved.
Analysts note that global coffee prices on April 24, 2026 are rising, particularly robusta, supported by farmers in many countries continuing to hold back supply in anticipation of higher prices. At the same time, stable demand in major markets is also contributing to the upward momentum.
In the domestic market, coffee prices on April 24 continue to follow the global uptrend. Prices in the Central Highlands have recorded a slight increase compared to yesterday, remaining at relatively high levels.
Compared to April 23, domestic coffee prices today have rebounded, rising by VND 900–1,000/kg to around VND 87,300/kg.
The main reason for the increase is limited supply among farmers. Many are continuing to hold back their stock, not rushing to sell in anticipation of further price gains. In addition, the sharp rise in robusta prices on the international market has also pushed domestic purchasing prices higher.
Coffee prices on April 24, 2026: globally and domestically
Furthermore, domestic trading activity has become more active as export companies accelerate procurement to fulfill signed contracts. This has increased demand, contributing to higher price levels.
$1 = VND 26,368 - Source: Vietcombank.
Translated by Hoang Duy
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