Vietnam agricultural market on May 23: Coffee prices jumped by 700 dong per kg
Saturday, May 23,2026
AsemconnectVietnam - Vietnam’s agricultural markets on May 23, 2026 recorded a strong upswing in coffee prices across both domestic and international markets, while rice and pepper remained broadly stable. Meanwhile, the durian market showed sharp price divergence across segments due to supply pressure and weather-related quality issues.
Coffee prices rose sharply across markets
Domestic coffee prices in Vietnam’s Central Highlands increased significantly by 700 dong per kg compared to the previous session, lifting the regional average procurement price to approximately 86,700 dong per kg.
Dak Nong (Lam Dong region) maintained its leading position at 86,800 dong per kg. Dak Lak and Gia Lai followed closely at 86,700 dong per kg, while Lam Dong (former administrative area), although still the lowest in the region, rose to 86,200 dong per kg.
On global markets, trading sentiment also improved notably as both Robusta and Arabica prices moved higher.
On the London exchange, the July 2026 Robusta contract surged by 71 USD per tonne to 3,399 USD per tonne.
At the same time, Arabica prices on the New York exchange for July 2026 delivery increased by 5.1 US cents per lb to reach 273.4 US cents per lb.
The rally was primarily driven by concerns that extreme weather linked to El Niño could damage upcoming crops in Brazil, the world’s largest coffee producer. This was compounded by short-covering activity from investors following a prolonged period of declining prices.
Pepper prices remained firm at high levels
Domestic pepper prices continued to move sideways at elevated levels, ranging between 139,000 and 142,000 dong per kg.
Dak Lak and Dak Nong recorded the highest prices at 142,000 dong per kg. Ba Ria–Vung Tau traded at 141,000 dong per kg, Dong Nai at 140,000 dong per kg, while Gia Lai remained the lowest at 139,000 dong per kg.
A key feature of the current market was farmers’ tendency to withhold supply in anticipation of higher prices.
With the harvest season largely completed and farmers benefiting from strong income from earlier coffee sales, many growers had sufficient financial capacity to extend storage periods.
As a result, domestic supply remained tightly controlled, enabling Vietnam’s black pepper export prices to hold steady at 6,100 to 6,200 USD per tonne, reinforcing its competitive position in global markets.
Rice export prices stayed elevated
In the Mekong Delta, fresh paddy prices for OM 18 and Dai Thom 8 varieties were reported at 6,500 to 6,700 dong per kg, while OM 5451 ranged between 5,800 and 6,000 dong per kg.
Although early Summer-Autumn crops had begun to enter the market, trading activity remained subdued. Farmers continued to hold out for higher prices, while adverse weather conditions dampened demand in certain areas.
However, the export segment remained the standout performer.
Vietnam’s rice continued to demonstrate strong competitiveness in the premium segment. Fragrant 5% broken rice was offered at 510 to 520 USD per tonne, significantly higher than comparable grades from Thailand and India.
This price advantage helped maintain strong demand from traditional markets in Asia and the Middle East.
Durian market showed sharp segmentation
As the peak harvest season progressed, durian prices exhibited increasing divergence.
In the Mekong Delta, Thai Monthong durian VIP grade continued to attract strong buying interest, with prices ranging from 80,000 to 84,000 dong per kg.
Meanwhile, Ri6 durian Grade A was traded at a more modest 48,000 to 52,000 dong per kg across key producing regions such as the Mekong Delta, Tay Ninh, and Binh Phuoc (Dong Nai area).
Premium varieties such as Musang King and Black Thorn maintained their high-end positioning, with top-grade products reaching approximately 90,000 dong per kg and 120,000 dong per kg, respectively.
Traders reported that supply from the Southeast and Central Highlands regions had increased sharply, intensifying competition in the market.
More concerningly, prolonged rainfall in recent weeks had led to a higher incidence of defects, including waterlogged or poor-quality fruit. As a result, export warehouses tightened quality control standards.
This created a clear divide: lower-grade and bulk durian prices declined significantly, while export-quality fruit remained scarce and continued to command high prices.
Live hog prices held firm near 70,000 dong per kg
Live hog prices remained elevated nationwide.
In southern Vietnam, Dong Nai led the market at 70,000 dong per kg, followed by Ho Chi Minh City at 69,000 dong per kg. Most Mekong Delta provinces traded around 68,000 dong per kg.
In the north, Hung Yen also reached 70,000 dong per kg, while major consumption centers such as Hanoi and Hai Phong recorded 69,000 dong per kg.
The central and Central Highlands regions also saw strong pricing, with Thanh Hoa, Nghe An, Ha Tinh, and Lam Dong all reaching 69,000 dong per kg.
The price gap between regions narrowed significantly, reflecting a relatively balanced supply-demand situation. This was partly due to a gradual reduction in market-ready hog supply, combined with improving food demand ahead of the peak consumption season.
Domestic rubber market remained stable despite global pressures
Domestic rubber prices remained stable as major companies maintained consistent procurement policies to support farmers’ livelihoods.
Phu Rieng Rubber Company continued to purchase fresh latex at 420 dong per TSC per kg, Mang Yang at 463 dong per TSC per kg, and Binh Long at 432 dong per TSC per kg.
This stability indicated that domestic supply chains were being managed effectively despite external uncertainties.
On international exchanges in Shanghai and Singapore, however, rubber prices came under pressure.
Weak consumption demand and cautious investor sentiment pushed most futures contracts into negative territory.
Despite these external headwinds, the domestic market remained resilient, with no immediate signs of significant price volatility.
Source: Vitic
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