Coffee price today October 28: Sharp drop of 1,500 VND/kg due to sell-off

Coffee prices today, October 28, dropped sharply by 1,200-1,500 VND/kg in the Central Highlands due to sell-offs, despite the US exempting 20% ​​tax on Vietnamese coffee. Robusta London lost 2.92%.

Coffee prices today October 28, 2025 in the domestic market

Coffee prices today October 28, 2025 in the domestic market (Compiled by Lam Dong newspaper)

Central Highlands coffee prices fell slightly today, bringing the average price in the whole region down to about 115,000 - 115,500 VND/kg. Specifically:

Coffee price today in Dak Lak decreased by 1,300 VND/kg to 115,700 VND/kg.

Coffee prices in Gia Lai today decreased by 1,200 VND/kg to 115,300 VND/kg.

Coffee prices today have the sharpest decrease, ranging from 1,200 - 1,500 VND/kg in Lam Dong, bringing the price down to 114,500 - 115,500 VND/kg.

Online coffee prices on October 28, 2025 on the world market

At the close of trading on October 28, the price of online Robusta coffee futures contract for November 2025 delivery on the London Stock Exchange fell sharply by 2.92% (134 USD/ton) compared to the previous trading session, down to 4,437 USD/ton.

The January 2026 futures contract decreased by 2.34% (107 USD/ton), reaching 4,450 USD/ton.

The March 2026 futures contract decreased by 2.25% (101 USD/ton), reaching 4,377 USD/ton.

The May 2026 futures contract decreased by 2.23% (99 USD/ton), reaching 4,315 USD/ton.

The July 2026 futures contract decreased by 2.15% (94 USD/ton), reaching 4,259 USD/ton.

Robusta coffee prices on the London Stock Exchange during the trading session on October 28. (Source: giacaphe.com)

On the New York Stock Exchange, the price of Arabica coffee futures for delivery in December 2025 also decreased by 3.19% (12.9 US cents/pound) compared to the previous session, to 390.1 US cents/pound.

The March 2026 futures contract fell 3.68% (14.1 US cents/pound) to 368.95 US cents/pound.

The May 2026 futures contract fell 3.63% (13.35 US cents/pound) to 354.5 US cents/pound.

The July 2026 futures contract fell 3.22% (11.35 US cents/pound) to 340.9 US cents/pound.

The September 2026 futures contract fell 2.75% (9.25 US cents/pound) to 327.4 US cents/pound.

Arabica coffee prices on the New York Stock Exchange during the trading session on October 28. (Source: giacaphe.com)

Price reduction momentum despite US-Vietnam tariff news

The drop in coffee prices comes amid favorable news for Vietnam. US President Donald Trump announced on Monday that coffee is among the items included in a new trade deal with Vietnam and will be exempt from a 20% import tax. Trump also expressed his desire to “bring the price of coffee down a little bit” and plans to visit Vietnam, a coffee-producing powerhouse.

Coffee prices have fallen largely due to expectations that the US will ease import tariffs on goods from Brazil, including coffee. Brazilian President Luiz Inacio Lula da Silva said he had an "unexpectedly good" meeting with US President Donald Trump on the sidelines of the ASEAN Summit in Malaysia and that a "definitive solution" to the trade dispute between the two countries could be reached in the coming days. Experts have linked the improvement in relations to Brazil's role as the world's second-largest producer of rare earth minerals.

However, coffee prices still received some support due to concerns about prolonged dry conditions in Brazil, especially during the crucial flowering period of the coffee trees, which could threaten the 2026-2027 crop. A report from the meteorological agency Somar Meteorologia showed that Minas Gerais state – Brazil’s largest arabica coffee growing region – received just 0.3 mm of rain in the week ending October 24, equivalent to just 1% of the historical average. Coffee regions in Brazil are experiencing a severe drought, with Minas Gerais state recording only about 70% of its average rainfall over the past month.

The sharp decline in global coffee prices today is mainly a reactionary adjustment to positive trade signals between the US and Brazil, a major competitor of Vietnam. Although the US tariff exemption for Vietnamese coffee is a long-term competitive advantage, short-term price reductions still prevail. The market will continue to closely monitor weather developments in Brazil and the US-Brazil trade negotiations in the coming time.

Source: https://baolamdong.vn/gia-ca-phe-hom-nay-28-10-giam-manh-1-500-dong-kg-do-bi-ban-thao-398380.html