Coffee price update today, March 23, 2026: Up nearly 4%
Coffee price update today, March 23, 2026: Domestic prices increased by 4%, equivalent to 3,500 VND/kg in the Central Highlands. At the same time, Arabica coffee prices on the New York exchange increased by more than 8%.
Coffee prices today, March 23, 2026, surged by nearly 4% across key provinces in the Central Highlands, re-establishing the 94,000 VND/kg mark. This is the result of a week of positive recovery, pushing the price of raw coffee beans out of the previous correction phase thanks to support from international exchanges.
Domestic coffee price trends
Surveys in the Central Highlands region show that the price of bulk green coffee beans has recovered significantly, with an increase ranging from 3,300 to 3,500 VND/kg compared to last week. Currently, the prevailing price is around 93,000 to 94,000 VND/kg, equivalent to an increase of approximately 3.6-3.9%.
| Local | Lowest price (VND/kg) | Highest price (VND/kg) | Price fluctuation (VND/kg) |
|---|---|---|---|
| Dak Lak | 94,000 | 94,000 | +3,500 |
| Gia Lai | 94,000 | 94,000 | +3,500 |
| Boeing Nong | 94,000 | 94,000 | +3,300 |
| Lam Dong | 93,000 | 93,000 | +3,300 |
Notably, Dak Lak and Gia Lai are leading the price increase, both reaching 94,000 VND/kg. In Dak Nong, the trading price is also around 94,000 VND/kg, while Lam Dong maintains a lower level but still reaches 93,000 VND/kg.
Despite the sharp price increase, trading activity in the raw material producing regions remains quite cautious. Many farmers are reportedly holding onto their stock, hoping for further market growth in the future.
The global market is experiencing a strong surge.
On the international market, coffee prices experienced a lively trading week on both the London and New York exchanges. Specifically:
- London Stock Exchange (Robusta):The May 2026 futures price closed the week at $3,664 per ton, up 6% from the previous week. The July 2026 contract also increased by 5.8%, reaching $3,568 per ton.
- New York Stock Exchange (Arabica):Prices surged significantly, with the May 2026 contract reaching 309.75 US cents/pound (up 8.6%), while the July 2026 contract rose 8% to 302.35 US cents/pound. These are the highest prices for Arabica in several weeks.
According to Reuters, domestic Vietnamese coffee prices have closely followed the recovery of Robusta on the ICE exchange, although market liquidity remains low due to a wait-and-see attitude from buyers.
Cost pressures and logistics risks
Besides supply and demand factors, the coffee market is being affected by macroeconomic variables. Analysts believe that last week's upward trend was partly due to short covering by investors and positive spillover effects from the energy market. Brent crude oil prices surpassed $115 per barrel, boosting investment in agricultural commodities.
However, the short-term outlook remains fraught with risks. Export businesses are closely monitoring escalating tensions in the Middle East, particularly in the Strait of Hormuz, which could disrupt vital shipping routes. Additionally, persistently high fertilizer costs continue to pressure coffee growers' profits, forcing them to optimize production processes to minimize input costs.
