Domestic coffee prices in Vietnam’s Central Highlands rose by 2,500–2,700 dong per kg to 95,300–96,000 dong ($3.66–3.69) per kg, tracking a strong rebound in global futures.

Prices in Dak Lak, Gia Lai and Dak Nong climbed to 96,000 dong per kg, while Lam Dong traded slightly lower at 95,300 dong.

The gains followed a surge in robusta futures on ICE London. The March 2026 robusta contract settled up 3.41% at $3,663 per metric ton, while the May contract rose 2.25% to $3,640 per ton.

Arabica futures on ICE New York also advanced. The March 2026 contract gained 2.53% to 288.25 U.S. cents per pound, and the May contract rose 2.68% to 285.5 cents.

Traders cited a strengthening Brazilian real, which appreciated 0.31% against the U.S. dollar and hovered near a 1¾-year high, prompting short-covering in coffee futures. A stronger real typically discourages export selling by Brazilian producers.

Market participants remain focused on Brazil’s 2026 crop outlook. Recent rainfall has improved harvest prospects, though farmers have shown reluctance to sell at current price levels, slowing the recent downward trend.

Brazil’s crop agency Conab has launched a new platform to monitor coffee-growing regions and identify potential cultivation on land deforested since 2020.

Consultancy Pine Agronegócios said tight physical supply persists, while pressure in futures markets largely stems from speculative positions and algorithmic trading.

Marcelo Moreira, analyst at Archer Consulting, said the market has priced in the availability of Brazil’s robusta crop from April, with harvesting set to begin in March in Rondônia state. He added that New York prices are unlikely to exceed 350 cents per pound and London futures 4,500 dollars per ton unless a severe climate event hits the 2027–2028 crop.

Weather forecaster Climatempo expects rainfall to ease in Sul de Minas and Triângulo Mineiro but persist in Espírito Santo, with precipitation of around 30 mm. Unstable weather is forecast to continue later this week across coffee regions.

Vietnam’s domestic pepper prices fell by 500–1,000 dong per kg to 149,000–151,000 dong per kg.

Dak Lak and Dak Nong dropped 1,000 dong to 151,000 dong per kg, while Gia Lai, Dong Nai and Binh Phuoc declined 500 dong to 149,000 dong. Ba Ria–Vung Tau held steady at 150,000 dong.

Globally, prices were largely unchanged. Indonesian Lampung black pepper was quoted at $6,899 per ton, Brazil ASTA 570 at $6,125, and Malaysian black pepper at $9,100. Vietnamese black pepper was steady at $6,400–6,600 per ton, depending on grade.

White pepper prices also held firm, with Indonesia’s Muntok at $9,247 per ton, Malaysia at $12,100 and Vietnam at $9,150.

In India, pepper prices have retreated after a strong rally earlier this month. Output is estimated to have fallen 20–30% due to adverse weather, but rising imports have weighed on domestic prices.

According to trade data, India imported 35,557 tons of black pepper in 2024 and 29,269 tons in 2025, while annual production ranges between 50,000 and 75,000 tons and domestic consumption averages about 79,000 tons.

Traders allege that a significant portion of imported pepper—officially intended for processing and re-export—has entered the domestic market, contributing to oversupply and price pressure.

Vietnam’s rice market was broadly stable on Wednesday in the Mekong Delta region, with domestic trading subdued and export prices showing mixed movements, according to data compiled by local authorities and industry sources cited by Congthuong.vn.

According to the Department of Agriculture and Environment of An Giang province and industry data from Lua Gao Viet, most rice prices were little changed compared to the previous session. Dai Thom 8 paddy rose by 100 dong to 9,200–9,300 dong per kg. In contrast, CL555 export-grade rice fell 100 dong to 7,900–8,000 dong per kg.

Other export-grade varieties were quoted as follows:

·         IR50404: 8,000–8,100 dong per kg

·         OM18: 8,900–9,100 dong per kg

·         OM380: 7,600–7,770 dong per kg

·         OM5451: 8,800–8,900 dong per kg

·         Soc Thom fragrant rice: 7,500–7,600 dong per kg

·         Finished IR50404 rice: 9,500–9,700 dong per kg

By-products were steady, with broken IR50404 rice at 7,500–7,600 dong per kg and rice bran at 10,500–11,500 dong.

Trading activity remained slow across key producing areas. In An Giang, fragrant rice supplies were limited and transactions were muted. Similar conditions were reported in Sa Dec and An Cu in Dong Thap province, where arrivals were thin and prices stable.

Retail rice prices were largely flat. Nang Nhen remained the highest-priced variety at 28,000 dong per kg. Huong Lai was quoted at 22,000 dong, while Thai long-grain fragrant rice ranged between 20,000 and 22,000 dong per kg.

Other retail prices included:

·         Nang Hoa: 21,000 dong per kg

·         Taiwanese fragrant rice: 20,000 dong

·         Jasmine rice: 13,000–14,000 dong

·         Ordinary white rice: around 16,000 dong

·         Standard rice: 12,000–13,000 dong

Fresh paddy prices were steady. IR50404 traded at 5,400–5,500 dong per kg, OM5451 at 5,800–6,000 dong, OM4218 at 6,200–6,400 dong, and OM18 and Dai Thom 8 at 6,500–6,700 dong. OM34 was quoted at 5,200–5,400 dong per kg.

Although trading activity resumed in some provinces, buying interest from traders remained limited, keeping prices largely unchanged.

Vietnam’s export rice prices moved in opposite directions compared to earlier this week, according to the Vietnam Food Association (VFA).

·         5% broken rice: $400–415 per metric ton

·         100% broken rice: $316–320 per ton, down $2

·         Jasmine rice: $433–437 per ton, up $2

Market participants said export demand remains steady, while domestic supply conditions are stable amid moderate early-year trading activity.

T.Huong

Source: Vitic