Arabica coffee prices approach the $ 8,600 bar per ton

The Vietnam (MXV) raw materials Stock Exchange said that purchasing power had returned to dominate the world raw material market during the negotiation session yesterday (May 6). At the end, the MXV index recovered more than 1.2% at 2,179 points. In particular, in the industrial raw materials market, the prices of the Arabica coffee have experienced a slight recovery in a context of less positive weather conditions. At the same time, the metal market has also recorded positive signals, with 8 out of 10 raw materials, the price of which has increased.

MXV index

Coffee prices are changing in opposite directions

According to MXV, the cocoa distinguished itself on the list of price of industrial raw materials during the negotiation session yesterday. At the end, the price of this raw material jumped 4.78% to almost 9,000 USD/tonne, thanks to the weakening of the dollar which favored over -the -market on the term market. The market was also affected by concerns about the mid-season harvesting in Côte d’Ivoire, the late rains that have hampered the growth of cultures. According to Rabobank, the production of mid-season in Côte d’Ivoire is expected to reach only 400,000 tonnes this year, a drop of 9% compared to the same period last year.

At the same time, the coffee market has experienced mixed developments between the two basic products, supply and demand as well as the weather factors continuing to have a strong impact on prices.

At the end of the session, the price of the Arabica coffee for the July contract increased by 0.41% to 8,595 USD/ton, while the Robusta coffee decreased by 0.66% to 5,256 USD/ton.

Industrial raw material price list

According to Somar Meteorologia, the Minas Gerais region – the largest producer region of Arabica in Brazil – received only 1.5 mm of rain during the week ending on April 26, 21 % of the historic average and less than expected. The dry time in Brazil could affect the production of coffee in Brazil during the next harvest, thus increasing purchasing power on the market.

The price of the Arabica coffee for the July contract increased by 0.41% to 8,595 USD/ton

In addition, another factor that also contributed to the impact on coffee prices during yesterday’s session came from the island of Sumatra (Indonesia). Exports of Robusta coffee in March in this region reached more than 313,720 bags, a sharp increase of 476.8 % compared to the same period from last year, bringing the total exports of robusta of the island during the 2024-2025 campaign to more than 1.6 million bags, an increase of 80 % compared to the same period last year. In addition, the USDA has just raised its coffee production forecasts in Guatemala – the fourth world exporter of Arabica – at 3.53 million bags for the 2024-2025 campaign, an increase of 3.1 % compared to previous forecasts.

The quantity of Arabica coffee treated by wet route, certified and stored on the New York Stock Exchange on May 6, continued to increase by 6,252 bags of 60 kg, bringing the total stock of this item to more than 838,380 bags. Among these, 776,750 bags are stored in Europe, or 92.6 % of the total stock, and 7.4 % are stored in the United States.

On the internal market, the price of green coffee grains in the highlands of the center decreased slightly on May 7 compared to yesterday, fluctuating between 127,500 and 128,100 VND/kg. More specifically, in Lam Dong, the current coffee price is 127,500 VND/kg. In Dak Lak and Dak Nong, coffee prices are now 128,000 VND/kg. In the province of Gia Lai, the coffee price is now 127,800 VND/kg.

Metal prices have increased in all areas

According to MXV, the metal market experienced a positive negotiation session yesterday, when 8 out of 10 articles in this group increased prices, mainly due to increased shelter demand and concerns about market supply shortages.

At the end of the session, the price of money jumped 2.79% to 33.38 USD/OCE, while the plate was reversed and has recovered highly by 3.26%, reaching 992.1 USD/OCE.

Metal price list

Money massively flock to precious metals while the demand for the defense of assets increases in a context of global financial instability. According to the Institute of International Finance (IIF), total world debt increased by around 7.5 billions of dollars in the first quarter alone, to reach a record level of more than $ 324 billions of dollars. China, France and Germany were the three main contributors to this growth. The growing pressure exerted on global debt has aroused concerns about financial instability, encouraging investors to seek assets like precious metals.

In addition, the United States’s trade deficit in March increased to 140.5 billion dollars, far exceeding $ 123.2 billion in the previous month, mainly due to export stagnation while imports increased sharply to $ 419 billion. This evolution reflects the fact that domestic demand in the United States remains high, but that the export dynamics are weakening, which increases concerns about economic prospects and creates additional momentum for refuge values ​​towards precious metals.

In the group of basic metals, Comex copper prices increased by 1.68% to 10,533 USD/ton, in a context of risk of local supply shortage in the United States when Canadian companies – the second largest copper supplier in the United States – began to withdraw from this market to seek opportunities in other regions. This trend arouses concerns about the risk of reducing copper supply in the United States in a context where national production capacity would not be able to meet demand.

Iron ore prices also increased by 0.98% to $ 97.51, thanks to positive consumption signals in China. According to the Chinese Iron and Steel Association (CISA), on April 30, the total stock of five main finished steel products in 21 large cities reached 8.85 million tonnes, down 4.6 % compared to April 20. In particular, stocks of machine wire and reinforcement bars – two items that closely reflect construction demand – have dropped sharply by 7.5 % and 5.5 % respectively, indicating that actual consumption shows clear signs of improvement.

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