Robusta coffee prices rose to $5,527 per ton.

According to MXV, Arabica coffee prices recorded a 1.89% increase compared to the reference price, reaching $8,621 per ton, while Robusta coffee prices also increased by 1.06% to $5,527 per ton.

According to the Vietnam Commodity Exchange (MXV), the global raw materials market was dominated by green in yesterday's trading session (March 19). At closing, buying pressure prevailed, pushing the MXV-Index up nearly 0.4% to 2,305 points. The US Federal Reserve's decision to maintain interest rates continued to divert investment away from precious metals. Meanwhile, unfavorable weather conditions continued to support coffee prices in yesterday's trading session.

MXV Index

Precious metal prices fell sharply after the Fed's decision.

On March 19th, the market witnessed a simultaneous decline in the prices of many metal commodities. The latest decision by the US Federal Reserve (FED) has caused capital to flow out of precious metals, while concerns about future iron ore demand are also negatively impacting the market.

Among precious metals, silver recorded the largest drop since the beginning of the month, falling 1.75% to $33.98 per ounce. Similarly, platinum fell 1.37%, closing the trading session at $1,009.4 per ounce.

Metal price list

All market attention was focused on the Federal Reserve's interest rate decision, announced early this morning Vietnam time. As expected, the Fed decided to keep interest rates unchanged at 4.5%. Amidst ongoing geopolitical uncertainties and escalating global trade tensions, Fed Chairman Jerome Powell stated that this decision aims to reduce inflation to 2% by 2027.

Following this decision, a wave of capital flowed into high-yield bonds, causing precious metal prices to fall sharply. At the same time, after phone calls between US President Donald Trump, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelensky, global political tensions showed positive signs of easing.

In the base metals group, iron ore continued to face significant pressure, falling 1.87% to $100.25 per ton, similar to the March 17th session. Meanwhile, copper was the only commodity to record a positive increase on the base metals price list, setting a new record on the COMEX exchange, reaching $5.1 per ounce, equivalent to $11,243 per ton, up 1.66%.

Conversely, the copper market remains volatile. The new record price set yesterday continues to rise, driven by market concerns about global supply. In the latest developments, after withdrawing from ceasefire negotiations, the M23 rebel group continues to expand its territory in eastern Democratic Republic of Congo, one of the world's largest copper exporters. These latest fluctuations, coupled with pre-existing concerns about the impact of White House tariffs, are further driving up copper prices.

As for iron ore, the market's current concern is the sharp decline in demand for this commodity and the steel industry as a whole. The EU, home to many of the world's largest steel importers such as Germany and Italy, is planning to cut steel imports by 15%. Investors are not very optimistic about the ability to resolve the steel supply surplus, which is negatively impacting iron ore demand.

The coffee market continues to be volatile.

At the close of trading on March 19th, the industrial raw materials market showed mixed results. Arabica coffee prices recorded a 1.89% increase compared to the reference price, reaching $8,621 per ton, while Robusta coffee prices also rose 1.06% to $5,527 per ton. Conversely, sugar prices decreased by 1.5% to $434 per ton.

Industrial raw material price list

Coffee prices reversed course and rose following weather forecasts in Brazil, where Minas Gerais, the country's largest coffee-growing region, received only 30.8 mm of rain in the week ending March 15th, at 71% of the historical average. Brazil is not alone; major coffee-producing countries like Vietnam and Colombia are also facing the impacts of global climate change, raising concerns about future supply.

However, the upward momentum in Robusta coffee prices was limited as ICE-monitored inventories rose to a one-week high of 4,336 lots. Within that same inventory, Arabica coffee stocks fell to their lowest level in three and a half weeks, at just 782,648 bags.

The average price of coffee in the domestic market on March 19 remained unchanged compared to the previous session, at 134,000 VND/kg.

The DXY index ended the trading session on March 19th slightly higher by 0.25% after the Fed decided to keep interest rates unchanged as expected, while also forecasting two 25 basis point rate cuts by the end of 2025.

In another notable development in the industrial raw materials market, sugar prices fell 1.5% due to concerns about demand. China, one of the world's largest sugar consumers, announced a sharp 97% drop in sugar imports in February compared to the same period last year, to just 20,000 tons. Sugar exports from Brazil in February also decreased by 5.6% year-on-year, to 39.822 million tons.

Prices of some other goods

Energy price list

Agricultural product price list

Source: https://congthuong.vn/gia-ca-phe-robusta-tang-len-muc-5527-usdtan-379108.html