Domestic coffee prices have fallen by approximately 4,000 VND/kg and are forecast to experience significant fluctuations in the near future.

The global market saw two consecutive days of gains interspersed with three days of declines last week, and coffee prices are expected to remain volatile in the coming period, especially as the leading consumer market, the EU, has recently issued a draft regulation on quality control of imported goods, including coffee.

Coffee prices on both exchanges fell sharply last weekend, following forecasts of warmer weather in Brazil for the coming week, with the risk of frost seemingly eliminated. Harvest pressure in Brazil also negatively impacted prices. Safras & Mercado reported on Friday that Brazil's 2024/25 coffee harvest was 92% complete as of August 6th.

Domestic coffee prices closed lower at the end of last week (August 10th), down 2,500 VND/kg in key purchasing areas. Unit: VND/kg Average price Medium USD/VND exchange rate 24,900 - 25 DAK LAK 119,300 - 2,500 LAM DONG 118,600 - 2,500 GIA LAI 119,100 - 2,500 DAK NONG 119,300 - 2,500 (Source: giacaphe.com) Denmark - Vietnam: Don't miss The top scorer in Hanoi's 10th grade entrance exam achieved 29.75/30 points.With an entrance exam score of 29.75, Tran Minh Ha, a student from Newton Secondary and High School, became the top scorer in the 2026 public high school entrance exam. Iran has again blockaded the Strait of Hormuz.On June 19, Iran reimposed a blockade on the Strait of Hormuz, citing Israel's refusal to withdraw its forces from southern Lebanon and the continued presence of US troops in the region. BREAKING NEWS: Iran again announces closure of the Strait of Hormuz.(NLDO) - Tehran has announced it will continue its blockade of the Strait of Hormuz and will not participate in the planned nuclear talks with the US in Switzerland.

Rising shipping costs are disrupting supply chains. Attacks on the Suez Canal by Houthi rebels have caused delays of up to four weeks and quadrupled shipping costs as more ships are forced to reach Europe via Africa. These increased costs will be passed on to the price of goods.

This week, the market is awaiting the release of US inflation data on August 14th. Speculators are currently expecting inflation to fall compared to the previous month, which would be a key indicator for the Federal Reserve (Fed) to cut interest rates at its next meeting. Therefore, the market is not expected to rise sharply before August 14th, remaining stable. Experts predict that coffee prices will remain stable at the beginning of this week until the US inflation data is released, at which point the market will rebound.

Despite being the world's largest exporter of robusta coffee, Vietnam has also spent $110 million importing coffee in the past seven months to meet domestic demand as well as for processing and export.

As of July, coffee exports reached 70,000 tons, a decrease of nearly 36% compared to the same period in 2023. For the first seven months of 2024, Vietnam's coffee exports totaled 964,000 tons, a decrease of nearly 14% compared to the same period last year. Export value reached US$3.54 billion, an increase of 31% compared to the same period last year. The high export value, despite the decrease in volume, is due to the consistently high coffee prices since the beginning of the year.

According to the Ministry of Agriculture and Rural Development , coffee is one of the highest-exporting commodities with a trade surplus of $3.43 billion and the highest growth rate, reaching 32% compared to the same period in 2023. Meanwhile, wood and wood products lead with a trade surplus of $7.3 billion, but the growth rate is only 22% compared to the same period last year.