AsemconnectVietnam - Vietnam’s agricultural markets were mixed on Monday morning, as domestic coffee prices decreased, while domestic pepper prices remained steady and rice exports showed strong early-year growth.

Domestic coffee fell in Central Highlands
In Vietnam’s Central Highlands, domestic coffee prices were quoted at 94,800–95,500 dong per kg on Monday morning, down 500–700 dong per kg from the previous session.
Dak Nong, Dak Lak and Gia Lai each recorded declines of 500 dong per kg, bringing farmgate prices to 95,500 dong per kg.
In Lam Dong, coffee prices fell more sharply by 700 dong per kg to 94,800 dong per kg.
Since the beginning of February, domestic coffee prices had fallen by more than 5%, equivalent to a drop of roughly 5,200–5,400 dong per kg.
The USD/VND exchange rate was quoted at 25,990 dong per dollar, up 79 dong from the previous session.
Domestic Coffee Prices (March 2)
(Unit: dong per kg)
• Dak Lak: 95,500 (down 500)
• Lam Dong: 94,800 (down 700)
• Gia Lai: 95,500 (down 500)
• Dak Nong: 95,500 (down 500)
• USD/VND: 25,990 (up 79)
Global coffee prices fell heavily in February amid expectations of a bumper crop in Brazil and rising certified inventories.
London robusta futures for March 2026 had settled at $3,699 per ton at the end of February, down 10.1% from January. The May 2026 contract had declined 10.2% to $3,624 per ton.
On the New York exchange, March 2026 arabica futures had dropped 14.3% month-on-month to 284.6 U.S. cents per lb, while the May contract had fallen 11% to 280.75 cents per lb.
Rabobank had projected that global coffee production could reach a record 180 million bags in the 2026/27 season, largely driven by a strong Brazilian harvest. The bank had forecast a global surplus of 7–10 million bags.
Certified arabica stocks on ICE had risen to 466,055 bags as of Feb. 26, up from 449,566 bags a week earlier, reinforcing downward pressure.
Brazil’s 2026/27 output had been estimated at 71.1–74.4 million bags, including 46.5–49 million bags of arabica and 24.6–25.4 million bags of robusta, with exports projected at nearly 47 million bags.
Despite the sharp decline, analysts noted that speculative long liquidation had amplified the sell-off, leaving room for potential short-term corrections.
The International Coffee Organization had also launched its 2026 campaign titled “Coffee: A Part of the Solution,” aiming to highlight the sector’s socio-economic contributions.
Pepper prices held steady; Vietnam led export value to China
Domestic pepper prices on March 2 were unchanged from the previous session, ranging between 147,500–148,000 dong per kg, although they had declined by 1,500–4,000 dong per kg over February.
On the international market, Indonesian black pepper had been quoted at $7,011 per tonne, Brazil ASTA 570 at $6,175 per tonne, and Malaysian black pepper at $9,100 per ton. Vietnamese black pepper (500 g/l and 550 g/l) had traded at $6,400–6,500 per ton.
China had imported 8,405 tonnes of pepper in 2025, valued at $58.05 million, down 18.8% in volume but up 4.1% in value year-on-year, according to customs data.
Vietnam had exported 3,746 tonnes of pepper to China, worth $27.1 million, rising 11% in volume and 54.7% in value compared with 2024. While Indonesia remained the largest supplier by volume at 3,868 tonnes, Vietnam had led in export value.
Vietnam’s average export price to China had reached $7,222 per tonne in 2025, above Indonesia’s $6,463 per tonne.
Rice prices remained stable; January exports increased 19%
Domestic rice prices in the Mekong Delta had remained largely unchanged, with trading described as slow amid tightening seasonal supply.
Export prices had held steady. Jasmine rice had been quoted at $431–435 per tonne, 5% broken white rice at $359–363 per tonne, and fragrant 5% broken rice at $400–415 per tonne.
Vietnam had exported more than 650,000 tonnes of rice in January 2026, generating nearly $310 million in revenue, up 19% year-on-year in volume.
The Philippines had remained Vietnam’s largest buyer, importing 331,770 tonnes valued at nearly $147.5 million, accounting for roughly 51% of total shipments. The average export price to the Philippines had stood at approximately $444.2 per tonne.
Traders said that while Philippine demand had continued to support exports, reliance on a single large market underscored the need for diversification amid competition from other major rice exporters.
Source: Vitic