Overwhelming buying pressure in the industrial materials sector helped the MXV-Index surpass its previously established three-year high, closing at 2,486 points.
According to the Vietnam Commodity Exchange (MXV), Arabica coffee prices increased by more than 4% to $8,241 per ton, while Robusta coffee also rose by over 2.3%, reaching $4,157 per ton.
MXV stated that the main driver behind the rise in coffee prices during the session came from unfavorable weather conditions in Brazil – the world's largest producer of Arabica coffee.
Global supply and demand factors continue to favor price support as inventories remain low. According to the European Coffee Federation (ECF), coffee inventories in major consuming markets fell to 471,389 tonnes in November – the lowest level in a decade.
In this context, supplies from Vietnam continue to play a crucial role in partially offsetting the shortfall in the international market. According to the General Statistics Office, coffee exports in 2025 are projected to reach 1.58 million tons, an increase of 17.5% compared to the previous year.
However, in the domestic market, the price of bulk green coffee beans adjusted slightly downwards (to 97,000 – 98,500 VND/kg) due to selling pressure during the peak harvest season and short-term profit-taking sentiment.
Meanwhile, the energy sector came under heavy selling pressure as all five commodities fell in price. WTI crude oil dropped more than 2% to $57.1 per barrel, while Brent crude retreated to $60.4 per barrel.
According to MXV, the downward pressure stems from the market lowering its supply risk expectations as the US pushes ahead with plans to cooperate with energy companies to restore production in Venezuela.
In addition, the reactivation of Kazakhstan's CPC pipeline and weakening diesel demand in India have left the oil market without short-term support.
Source: https://hanoimoi.vn/thi-truong-phan-hoa-manh-mxv-index-pha-dinh-ba-nam-729300.html
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