Coffee and rice prices have both increased.

VTV.vn - Domestic coffee prices rose for the third consecutive week, while Vietnamese rice exports also increased due to concerns about El Niño and shrinking supply.

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Domestic coffee prices continued to rise for the third consecutive week, currently fluctuating between 87,400 and 88,100 VND/kg due to concerns about supply disruptions caused by drought in the Central Highlands. In Lam Dong, prices increased to 88,100 VND/kg, while Dak Lak and Gia Lai reached 88,000 VND/kg and 87,900 VND/kg respectively. Many farmers are holding onto their stockpiles in anticipation of further price increases, while traders believe it is still too early to accurately assess the yield of the new crop.

On the world market, the price of robusta coffee for July 2026 delivery on the London exchange surged to $3,456 per ton due to concerns about supply shortages from Vietnam. Recent rainfall in the Central Highlands has been assessed as relatively scarce and unevenly distributed, raising concerns about its impact on the fruit development of coffee plants.

Furthermore, the US warning of an 82% probability of El Nino occurring has added to market concerns about potential supply disruptions in Brazil and other major producing countries. However, the upward momentum of robusta prices remains limited by the prospect of global oversupply, as Brazil is projected to achieve record production in the next crop year.

In the rice market, domestic rice prices remained generally stable. In An Giang , high-quality rice varieties such as OM 18, Dai Thom 8, and OM 5451 showed little change compared to the previous week. Meanwhile, the export price of Vietnamese 5% broken rice increased to approximately 410-415 USD/ton, significantly higher than the 395-400 USD/ton of the previous week.

According to traders, rice prices are rising due to shrinking supply in Thailand and Vietnam, while many businesses have already signed long-term delivery contracts. In addition, the risk of El Nino and crop damage in Bangladesh are also putting further pressure on the market.

Nevertheless, Indian rice still maintains a significant competitive advantage due to its considerably lower price. The USDA forecasts global rice production for the 2026/27 season will decrease by approximately 5 million tons, while import demand continues to increase, particularly in Africa and Southeast Asia.

Source: https://vtv.vn/ca-phe-gao-dong-loat-tang-gia-10026052411532299.htm