Arabica coffee prices break historical records.

At closing, Arabica coffee prices broke records and reached an all-time high, rising 2.53% to over $8,081 per ton; Robusta coffee prices increased nearly 0.9% to $5,609 per ton.

According to the Vietnam Commodity Exchange (MXV), buying pressure dominated the global raw materials market yesterday (January 29). At the close, the MXV-Index rose 1.05% to 2,297 points. Notably, Arabica coffee prices continued to reach their highest levels in history. In addition, soybean prices extended their gains for the second consecutive session amid weather concerns in South America.

MXV-Index

Arabica coffee reaches new peak.

Green dominated the industrial raw materials price chart. Coffee, in particular, attracted significant market attention during yesterday's trading session.

At closing, Arabica coffee prices broke records and reached an all-time high, rising 2.53% to over $8,081 per ton; Robusta coffee prices also increased by nearly 0.9% to $5,609 per ton - the highest level in the past two months.

Industrial raw material price list

Although weather in Brazil, the world's largest coffee producer, has recently improved after last year's drought, concerns about supply remain. On Tuesday, the Brazilian Crop Supply Agency (CONAB) projected that Brazil's 2025-2026 coffee crop will decline by 4.4% year-on-year, reaching a three-year low of 51.81 million bags.

Brokerage firm Sucden also stated in a report that the country's current coffee reserves have fallen to around 500,000 bags from the usual level of approximately 8 million bags. This means that any weather disruption could have a significant impact on global coffee prices.

Sucden added that Brazilian farmers are prioritizing domestic sales over exports in USD. The weakening USD/BRL exchange rate has indirectly impacted coffee exports in Brazil, while also boosting coffee buying activity yesterday.

In addition, yesterday, brokerage firm HedgePoint Global Markets also reported that global coffee supply remains limited. While sales of Vietnamese Robusta coffee are still slow, the Arabica coffee harvest in Central America and Colombia will take longer to reach the market; Brazilian farmers are also reluctant to sell more.

In India, one of the world's leading producers of Robusta coffee, exports are expected to fall by more than 10% this year compared to last year's record high of 295,402 tonnes, even as coffee prices reach record highs, due to lower production and reduced inventories from the previous crop.

According to the latest weather forecast, the Central Highlands region will experience temperatures 1°C higher than average, accompanied by rainfall exceeding 15mm above average over the next 15 days. These weather conditions are predicted to significantly impact the coffee harvest in the area and continue to influence coffee prices in the coming period.

The agricultural market is covered in green.

The agricultural commodities market closed the trading session on January 29th on a positive note, recording strong demand. In line with the upward trend in grain prices, soybean prices rose 1.48% to $389.6 per ton. According to MXV, the market was supported by deteriorating weather forecasts in the Southern Hemisphere, raising concerns about short-term supply prospects.

Agricultural product price list

Weather forecasts for next week indicate less rain in drought-stricken areas of Argentina and southern Brazil, while soybean harvesting regions will receive more rainfall. Experts say last week's rain in Argentina was insufficient to lift soybeans out of drought. Furthermore, showers in Brazil have slowed soybean harvesting. In this context, the LSEG Commodity Research Center has slightly lowered its forecast for Brazilian soybean production to 170.2 million tons due to unfavorable weather conditions at the end of the season, causing delays in harvesting and significant disruptions in key producing regions of central and southeastern Brazil. Concerns about South American supply have fueled buying activity in the market.

At the close of trading yesterday, corn prices recorded a nearly 2.5% increase, reaching their highest level since mid-November last year. The market was supported by the possibility of easing tariffs on Mexico. President Trump's trade nominee, Howard Lutnick, stated that Canada and Mexico could avoid a 25% import tariff if they take decisive action to stop the flow of fentanyl and illegal immigrants into the US. According to Lutnick, this is a separate tariff measure aimed at pressuring Mexico and Canada to take concrete action. He also revealed positive signals that both neighboring countries are taking swift steps, and if this trend continues, it is highly likely that the tariffs will not be implemented. As the largest importer of US corn, the prospect of Mexico avoiding the tariff painted a positive picture of demand, thus supporting the upward trend in corn prices.

Prices of some other goods

Metal price list

Energy price list

Source: https://congthuong.vn/gia-ca-phe-arabica-pha-vo-ky-luc-lich-su-371703.html