The most notable developments of the day were the sharp correction in coffee after a prolonged rally and the impressive recovery in durian prices. Other key export commodities largely maintained stable levels, helping preserve confidence among producers and traders.
Coffee entered a deep correction phase
After remaining at high levels for several sessions, Vietnam’s domestic coffee market turned lower, reflecting direct pressure from weaker global futures markets.
During the morning session of April 26, farmgate purchasing prices across the Central Highlands reportedly fell by VND1,200 to VND1,500 per kg, bringing the regional average back to around VND88,000 per kg.
Dak Nong province, now administratively merged into Lam Dong, recorded the steepest decline of VND1,500 per kg. Prices there dropped to match Dak Lak and Gia Lai at VND88,000 per kg.
Market participants viewed the retreat, which followed two sessions of strong gains, as a technical correction after an overheated upward cycle. Traders said the market needed time to rebalance after a prolonged rally.
Over the longer term, however, supportive fundamentals remained in place. Tight inventories and relatively steady demand were expected to continue lending support to prices.
Vietnam exported around 99,400 metric tons of coffee in the first 15 days of April, up 13.2% from the same period a year earlier, although export revenue declined due to lower international prices.
On the global front, profit-taking activity and increased farmer selling in Brazil added pressure after the Brazilian real weakened against the U.S. dollar, making exports more attractive.
On London’s ICE Europe exchange, July 2026 robusta coffee futures fell by $24 per ton to $3,483 per ton.
Meanwhile, July 2026 arabica coffee futures on ICE New York lost 5.45 U.S. cents per pound to 294.9 cents per pound.
The synchronized retreat in both robusta and arabica benchmarks reinforced bearish sentiment in Vietnam’s domestic market, given the country’s status as the world’s leading robusta exporter.
Pepper held firm despite new regulatory pressure
In contrast to coffee, domestic pepper prices remained resilient in a high trading range of VND138,000 to VND142,000 per kg.
The Central Highlands continued to anchor the market, with Dak Lak holding the highest level nationwide at VND142,000 per kg. Dak Nong (Lam Dong) followed closely at VND141,000 per kg.
In the southeastern region, Ho Chi Minh City and Dong Nai maintained prices at VND140,000 per kg, while Gia Lai recorded the lowest level in the country at VND138,000 per kg.
The international pepper market, however, showed more divergence.
Indonesian black pepper prices edged down to $7,007 per ton, while quotations from Brazil and Malaysia were unchanged at $6,000 per ton and $9,300 per ton respectively.
Vietnamese black pepper export prices were steady at $6,100 to $6,200 per ton, underlining the solid position of domestic exporters in global supply chains.
Still, new challenges emerged after the European Commission tightened maximum residue limits for several active substances used in pepper cultivation.
The stricter standards were expected to require more rigorous quality control throughout the production chain if Vietnamese exporters hoped to maintain market share in Europe, one of the industry’s key destinations.
Industry analysts said compliance costs could rise in the near term, but stronger standards might also improve long-term competitiveness for producers able to adapt.
Durian rebounded sharply
Vietnam’s durian market experienced one of the strongest moves of the day, with buying prices at warehouses rising broadly.
The most striking increase was seen in Ri6 durian, where Grade A fruit climbed by VND15,000 to VND20,000 per kg, lifting prices to VND82,000-90,000 per kg.
Grade B Ri6 was traded at VND68,000-76,000 per kg.
In the Thai durian segment in the Mekong Delta, premium Grade A fruit was quoted at VND118,000-125,000 per kg, while Grade B traded at VND108,000-115,000 per kg.
Standard Grade A fruit was also firm at VND110,000-118,000 per kg.
High-end specialty varieties continued to command strong premiums.
Musang King Grade A was traded at VND135,000-150,000 per kg, while Black Thorn Grade A was quoted at VND143,000 per kg.
Traders attributed the rebound partly to improving demand and tightening short-term supply after earlier price softness.
Durian has become one of Vietnam’s fastest-growing fruit exports in recent years, especially to China, making domestic price swings increasingly important for farmers and exporters alike.
Rice trading was quiet ahead of Holiday
Rice and paddy trading in the Mekong Delta remained subdued as the winter-spring harvest neared completion and holiday sentiment reduced market activity.
According to updates from the Department of Agriculture and Environment of An Giang province, fresh OM 18 paddy and Dai Thom 8 were both quoted at VND6,000-6,100 per kg.
OM 5451 held at VND5,600-5,700 per kg, while IR 50404 was traded at VND5,400-5,500 per kg.
For processed rice, some export-oriented grades posted slight gains.
IR 504 raw rice rose by VND150 per kg to VND8,400-8,450 per kg.
CL 555 gained VND200 per kg to VND8,600-8,800 per kg.
Finished IR 504 rice also increased by VND300 per kg to VND10,750-10,900 per kg.
On international markets, Vietnamese export rice remained competitive, with 5% broken fragrant rice offered at around $490-500 per ton.
Market participants said rice demand remained stable, although no major buying wave had emerged before the holiday break.
Live hog prices consolidated at high levels
Vietnam’s live hog market remained broadly stable, with prices ranging from VND63,000 to VND69,000 per kg nationwide.
In southern Vietnam, Can Tho rose by VND1,000 per kg, joining Dong Nai, Tay Ninh, Dong Thap, Ho Chi Minh City and Vinh Long at the top level of VND69,000 per kg.
Northern provinces also saw selective gains. Lai Chau added VND1,000 per kg to VND64,000 per kg, while the region overall traded between VND63,000 and VND66,000 per kg. Hung Yen retained the highest northern price.
Central Vietnam and the Central Highlands were largely unchanged.
Lam Dong held at VND69,000 per kg, Dak Lak at VND68,000 per kg, while Ha Tinh remained the lowest in the region at VND63,000 per kg.
Stable hog prices suggested balanced supply-demand conditions, although feed costs and disease risks remained closely watched.
Domestic rubber stayed firm despite global weakness
Global rubber prices came under pressure due to slower demand from China and rising inventories.
May 2026 rubber futures in Japan fell 0.13% to 386.6 yen per kg.
Chinese futures declined 1.36% to 16,985 yuan per ton.
Singapore’s May contract also slipped 0.1% to 210 U.S. cents per kg.
Despite weaker overseas benchmarks, major Vietnamese companies kept domestic procurement prices unchanged in an effort to stabilize the market.
Phu Rieng Rubber Company maintained fresh latex buying prices at VND420 per TSC unit and mixed latex at VND390 per DRC unit.
Mang Yang Rubber Company listed fresh latex at VND458-463 per TSC unit.
Binh Long and Ba Ria rubber firms also left prices unchanged, helping provide a degree of protection for domestic supply chains against wider macroeconomic volatility.
Market Outlook
Vietnam’s agricultural market on April 26 highlighted diverging trends across commodities.
Coffee corrected sharply after recent gains, while pepper held firm and durian staged an impressive rebound. Rice and hog prices remained stable, and domestic rubber buyers resisted international weakness.
With the holiday period approaching, traders expected lighter activity in the short term. However, weather conditions, export demand and currency movements were likely to remain the key drivers shaping prices in the weeks ahead.
Source: Vitic