In this, the price of Arabica coffee rose by 3.1% to nearly USD 6,000/ton, the highest level in nearly two months, while the price of Robusta coffee rose by 2.1% to USD 4,632/ton, hitting a four-week high. Concerns about weather conditions in Brazil and Vietnam have overshadowed the pressure from the Dollar Index and the rising USD/BRL exchange rate.

Vietnam is entering the main harvest of the 2024-2025 crop year, amid concerns that the impact of La Niña and heavy rainfall could disrupt the harvest progress and reduce coffee production. Meanwhile, Brazil also faces the risk of water shortages affecting coffee tree development and the harvest for the 2025-2026 crop year. Meteorologist Climatempo reported that after a brief rain in the middle of the week in Minas Gerais, Brazil’s largest Arabica coffee-growing state, the region is expected to become hotter and drier over the next 10 days.

In addition, the Brazilian Coffee Exporters Association (CECAFE) reported that in October, the country exported 4.93 million bags of coffee, an increase of 11.5% compared to the same period in 2023. The boost in exports was supported by available supplies following the 2024 harvest and growing demand for coffee from international markets.

Notably, today is the final day of the meeting to decide the timeline for implementing the European Union’s EUDR (European Union Deforestation Regulation) on imported goods. Earlier, the European Commission (EC) proposed a 12-month delay in enforcing the EUDR, which has received approval from the European Council. If this proposal is approved in the meeting, coffee prices may face downward pressure as European importing countries might pause the aggressive purchases seen in recent weeks.

In the domestic market, it was recorded this morning (November 14) that coffee prices in the Central Highlands and Southeast Vietnam ranged from VND 111,100 to 111,400 per kilogram, up 300-500 VND per kilogram compared to yesterday. Therefore, domestic coffee prices are currently nearly double compared to the same period last year.

According to the Vietnam Commodity Exchange (MXV), the global commodity markets showed mixed movements in the trading session on November 13. At the close, the MXV-Index remained flat at 2,150 points.

The industrial raw materials group led the overall market’s rise. The prices of both coffee varieties extended their gains into the third consecutive session. Arabica coffee prices, in particular, have reached the highest level in two months.