Commodity markets in turmoil: Coffee prices fall sharply, silver hits record

Red covers the industrial materials group, coffee prices fall the most, international silver prices continue to be supported to approach 54 USD/ounce.

The world raw material market continued to fluctuate after two positive sessions, the MXV-Index fell 0.4% to 2,365 points when selling pressure dominated at the end of the session.

Coffee was the focus of the market when it fell more than 4.5%. Source: MXV

Yesterday's session saw overwhelming selling pressure in the industrial raw materials market, with coffee being the focus.

Specifically, the price of Arabica coffee fell more than 4.5%, closing at 8,898 USD/ton, while Robusta coffee fell to 4,366 USD/ton, losing nearly 5.5% of its value.

According to the Vietnam Commodity Exchange (MXV), the coffee market has just experienced a sharp decline after receiving much positive information related to US tariff policies and supply.

In terms of supply, the estimated 2026-2027 crop year in Brazil will reach 70.7 million bags, a sharp increase of 13.5% compared to the previous crop, also putting pressure on prices.

In the Vietnamese market, transactions are taking place regularly, and the harvest progress in key regions is accelerating. Yesterday's green coffee prices were generally at 118,000 - 119,000 VND/kg, basically unchanged from the previous session.

Strong rally in the metal market. Source: MXV

Metals have returned to strong growth, with the US adding silver to its list of critical minerals continuing to support the commodity’s fourth consecutive gain.

Specifically, silver prices skyrocketed more than 5.35%, hitting a record high of $53.46/ounce.

The US is currently the world’s largest market for physical silver investment demand, but it relies on imports for about 65% of its domestic demand. The potential for import tariffs on the commodity has triggered concerns about a severe shortage, thereby fueling the price rally.

In the domestic market, silver prices today (November 13) increased by nearly 2% in both directions. In Hanoi , the listed price is at 1.692 - 1.722 million VND/tael (buy - sell), while in Ho Chi Minh City, it is at 1.694 - 1.728 million VND/tael.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-giang-co-gia-ca-phe-giam-sau-bac-lap-ky-luc-723091.html