Vietnam agricultural market on May 24: Coffee prices surged on global robusta strength, broader market showed divergence
Sunday, May 24,2026
AsemconnectVietnam - Vietnam’s agricultural markets on May 24, 2026 displayed sharply divergent trends, as domestic coffee prices surged on the back of strong gains in global Robusta futures, while high-quality rice continued to attract firm demand. In contrast, pepper, durian and live hog markets moved sideways, and rubber prices came under pressure from expectations of rising global supply.
Coffee prices rebounded strongly on robusta rally
Domestic coffee prices in Vietnam’s Central Highlands rose sharply by between 1,200 and 1,300 dong per kg, pushing the regional average to around 88,000 dong per kg.
Dak Nong (new Lam Dong administrative region) led the market, with procurement prices reaching 88,100 dong per kg. Dak Lak followed closely at 88,000 dong per kg, while Gia Lai recorded 87,900 dong per kg.
Lam Dong (former administrative area) remained the lowest-priced locality, with prices at 87,400 dong per kg.
The strong rebound in domestic prices directly mirrored developments on the London exchange. The July 2026 Robusta contract climbed by 1.68% to reach 3,456 USD per tonne.
Further-dated contracts also posted steady gains, with September 2026 rising to 3,310 USD per tonne and November 2026 reaching 3,235 USD per tonne.
In contrast, Arabica prices on the New York exchange edged lower, with the July 2026 contract falling to 272.35 US cents per lb.
Market analysts attributed the rally in Robusta prices to concerns over constrained supply, driven by unfavorable weather conditions in key producing countries such as Vietnam and Indonesia, combined with low global inventories.
Pepper prices held steady
Domestic pepper prices were largely unchanged, fluctuating between 139,000 and 142,000 dong per kg.
Dak Lak and Dak Nong continued to set the ceiling price at 142,000 dong per kg. Ba Ria–Vung Tau traded around 141,000 dong per kg, Dong Nai at 140,000 dong per kg, and Gia Lai at 139,000 dong per kg.
On the global market, export prices showed clear divergence. Indonesia’s black pepper price declined to 6,979 USD per tonne, while Malaysia’s price surged to 9,350 USD per tonne, the highest among major exporting countries.
Brazil’s black pepper remained stable at 6,250 USD per tonne.
Vietnam’s export prices held firm, with black pepper quoted at 6,100–6,200 USD per tonne and white pepper at 9,000 USD per tonne.
The United States continued to be Vietnam’s largest pepper export market. In the first four months of 2026, shipments to the U.S. reached nearly 24,800 tonnes, generating 177.6 million USD, representing strong increases in both volume and value compared with the same period last year.
Although the average export price to the U.S. declined slightly to 7,173 USD per tonne, import demand remained robust, supported by the recovery of the food service sector.
Rice market diverged, high-quality varieties attracted demand
In the Mekong Delta, prices for high-quality paddy rose, while lower-grade varieties remained largely unchanged.
OM 18 and Dai Thom 8 paddy prices increased by 400 dong per kg to range between 6,500 and 6,700 dong per kg.
OM 5451 rose by 300 dong per kg, trading at around 5,800 to 6,000 dong per kg.
Meanwhile, lower-grade varieties such as IR 50404 and OM 34 were mostly flat, ranging from 5,100 to 5,500 dong per kg, reflecting weaker demand.
In the rice segment, raw rice prices remained relatively stable, fluctuating between 7,500 and 9,650 dong per kg depending on quality.
By-products such as bran and broken fragrant rice recorded slight declines, trading between 6,450 and 7,450 dong per kg.
Export activity continued to be the primary driver of the rice market. Vietnam’s 5% broken rice was traded between 410 and 510 USD per tonne depending on contract specifications, competing directly with supplies from Thailand and India.
A large-scale agreement with the Philippines, along with export volumes exceeding 472,000 tonnes in the first half of May alone, helped to reinforce positive sentiment among traders and farmers.
Durian prices remained stable
At major fruit trading hubs, durian prices remained unchanged as the market awaited new signals from foreign investment flows.
In the Mekong Delta, Thai durian VIP Grade A was traded at around 82,000 dong per kg, while Grade B stood at approximately 62,000 dong per kg.
Ri6 durian Grade A ranged from 50,000 to 55,000 dong per kg depending on locality.
Premium durian varieties continued to command high prices despite limited demand. Musang King Grade A reached around 90,000 dong per kg, while Black Thorn Grade A could fetch up to 125,000 dong per kg.
Other varieties such as Chuong Bo and Sau Huu were traded between 37,000 and 56,000 dong per kg.
Industry experts noted that Vietnam’s durian sector was transitioning from a volume-driven phase to one focused on quality and brand trust.
Currently, the country had approximately 1,168 registered planting area codes and 85 licensed packing facilities. Export shipments to China and India were subject to strict controls, including traceability and food safety requirements.
As a result, even minor violations could lead to the revocation of export codes, effectively cutting off market access.
Live hog prices edged lower
Live hog prices declined slightly in the central and southern regions, while remaining stable in the north.
In northern Vietnam, prices ranged from 68,000 to 70,000 dong per kg, with Hung Yen maintaining the highest level.
In the central and Central Highlands regions, Khanh Hoa recorded a decline of 1,000 dong per kg to 67,000 dong per kg. Thanh Hoa, Nghe An, Ha Tinh and Lam Dong maintained the regional peak at 69,000 dong per kg.
In the south, An Giang and Ca Mau also fell by 1,000 dong per kg to 67,000 dong per kg, the lowest levels in the region.
Dong Nai continued to record the highest price nationwide at 70,000 dong per kg.
Stable supply conditions helped the pork market avoid sharp price shocks in the short term.
Rubber prices held steady domestically, declined on global exchanges
Domestic rubber prices remained stable, with major producers such as Ba Ria, Phu Rieng, Binh Long and Mang Yang maintaining unchanged procurement rates.
Fresh latex prices were held in the range of 420 to 505 dong per TSC degree per kg, while mixed latex ranged from 14,600 to 18,100 dong per kg, ensuring steady income for rubber farmers.
On Asian exchanges, rubber prices extended losses for a third consecutive session.
On the Shanghai Futures Exchange, the September contract fell to 17,420 yuan per tonne (equivalent to 2,563.2 USD per tonne).
On the Osaka Exchange, the October 2026 contract declined to 405.7 yen per kg.
The downward trend was primarily driven by expectations of a surge in supply from Thailand in the coming months.
In addition, a strong recovery in China’s synthetic rubber output exerted further pressure on natural rubber prices. This was evidenced by a sharp 4.26% drop in butadiene rubber prices, which intensified competition with natural rubber.
Overall, the rubber market remained under pressure amid improving supply conditions and evolving demand dynamics in key consuming markets.
Source: Vitic
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