Selling pressure spread, MXV-Index fell nearly 1.4%.

Global commodity markets are in the red as selling pressure spreads across many product groups, especially agricultural products and industrial raw materials.

Global bulk green coffee exports. Source: MXV

At closing, the MXV-Index fell nearly 1.4% to 2,925 points as market sentiment shifted from concerns about supply shortages to a reassessment of the actual supply and demand outlook.

According to the Vietnam Commodity Exchange (MXV), the coffee market continues to face strong downward pressure as Brazil enters its 2026-2027 harvest season. At the close of trading, the price of Arabica for July delivery fell 0.68% to $5,915 per ton, while Robusta for the same period decreased 0.51% to around $3,328 per ton.

Based on current production assumptions, Brazil's coffee exports in the next crop year could exceed 51 million bags, a 32-35.5% increase compared to the previous year. This information helps to alleviate concerns about supply shortages that had driven up coffee prices recently.

Furthermore, the latest report from the International Coffee Organization shows that the supply of physical goods on the global market is improving positively. World coffee exports in March 2026 reached 13.59 million bags, an increase of 1.6% compared to the same period last year. For the first six months of the current crop year, total exports reached over 70.9 million bags, an increase of 3.3%.

Notably, coffee exports from the Asian region, including Vietnam, India, and Indonesia, surged by 13.1%, primarily driven by significantly improved supply from Vietnam. However, the market remains cautious as certified inventories at ICE exchanges continue to be low. Robusta inventories are currently at around 605,160 bags – the lowest level in nearly two years – while Arabica inventories remain around 462,800 bags.

Vietnam's corn imports. Source: MXV

In the agricultural commodities group, world corn prices reversed sharply lower as expectations regarding US-China trade weakened. At the close of trading, July corn futures on the CBOT fell 2% to $183.3 per ton.

In addition to commercial factors, the decline in oil prices is also putting pressure on the corn market through the outlook for ethanol demand.

Source: https://hanoimoi.vn/luc-ban-lan-rong-mxv-index-giam-gan-1-4-751017.html