Coffee leads the rally, MXV-Index hits 8-month peak

The MXV-Index increased by nearly 1% to 2,351 points – the highest level since late February, with two coffee commodities continuing to lead the entire market.

Coffee leads the overall market rally. Source: MXV

Closing yesterday's trading session, the industrial raw material market witnessed overwhelming buying power with 7/9 items increasing in price simultaneously. Notably, Arabica coffee price increased by more than 3.7% to 8,965 USD/ton, while Robusta also increased by 3.3% to 4,693 USD/ton.

According to the Vietnam Commodity Exchange (MXV), extreme weather in the two leading coffee producing countries, Vietnam and Brazil, is raising concerns about the risk of crop damage, thereby pushing prices up sharply.

In Vietnam, the Central Highlands, the country’s main coffee growing region, is forecast to be directly affected by Typhoon Kalmaegi, which could cause widespread heavy rains and disrupt harvests. Meanwhile, rainfall in Minas Gerais state (Brazil) is currently only 75% of average, threatening to reduce productivity as global supplies have yet to recover.

In the domestic market, green coffee prices in Dak Lak remained around VND116,000–116,500/kg, as buyers and sellers cautiously monitored the weather.

Adverse climate developments will continue to be a strong support factor for coffee prices in the short term, but also pose risks of major fluctuations if storms persist.

World oil prices increased for the fourth consecutive session. Source: MXV

The energy group also recorded green covering all 5 commodities. In particular, world oil prices recorded the fourth consecutive increase, although OPEC+ confirmed that it will continue to increase production by 137,000 barrels/day in December. At the end of the session, WTI oil reached 61.05 USD/barrel and Brent at 64.84 USD/barrel, both up 0.11%.

Analysts say OPEC+'s production increase is still modest and unlikely to put significant pressure on world oil prices. Also in the press release, OPEC+ said it would maintain production for at least the first three months of 2026.

According to OPEC+, this decision was made due to the seasonal nature of the first quarter, which is often considered the weakest time in terms of supply and demand balance. This has helped ease market sentiment about the risk of a global oversupply in the short term.

Source: https://hanoimoi.vn/ca-phe-dan-dat-da-tang-mxv-index-len-dinh-8-thang-722027.html