Energy commodity market is "bright green". Source: MXV
After two positive sessions, the MXV-Index is recovering close to the 2,200 point threshold.
Closing yesterday's trading session, the energy group continued to see green maintained on all 5 commodities.
Of which, Brent oil price increased by 1.55% to 65.63 USD/barrel, while WTI oil price increased by 1.42% to 63.41 USD/barrel - both reached the highest level in the past three weeks.
According to MXV, the world crude oil market continues to maintain its upward momentum as geopolitical tensions show no signs of cooling down.
In addition, the market is also concerned that the US and Iran have not yet found a common voice on the issue of uranium enrichment, making the prospect of lifting US oil sanctions on Iran very distant.
In addition to supply concerns, oil prices were also supported by expectations of cyclical increases in oil demand during the peak US travel season.
The market for industrial raw material commodities is differentiated. Source: MXV
Meanwhile, the industrial raw materials group witnessed a clear differentiation between key products.
Contrary to the general market trend, Arabica coffee prices fell to their lowest level in nearly two months, losing 1.05% to 7,514 USD/ton, while Robusta coffee prices continued to lose another 0.92% to 4,435 USD/ton, the lowest level in 7 months.
The global coffee market has witnessed a significant decline since May 2025, mainly due to increased supply from the world's two largest producing countries, Brazil and Indonesia.
Most notable is Robusta coffee, as global production in the current crop year has increased significantly. According to data from the US Department of Agriculture (USDA), global Arabica coffee production in the 2024-25 crop year is estimated to reach 97.8 million 60-kg bags, up 1.5% from the previous crop year, while Robusta production is expected to reach 77 million bags, up 7.5% from the 2023-24 crop year.
In addition, coffee inventories remain high, continuing to put pressure on prices.
Source: https://hanoimoi.vn/thi-truong-hang-hoa-gia-ca-phe-giam-gia-dau-tiep-tuc-tang-704439.html
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