Domestic coffee prices unexpectedly dropped sharply, while the rice market recorded an upward trend thanks to positive export signals.

This contrasting trend clearly reflects the intertwined impact of international factors and domestic supply and demand on the two key agricultural products.

Currently, domestic coffee prices are trading in the range of 88,700 – 89,200 VND/kg in key producing regions, a sharp decrease compared to the 91,500 – 92,500 VND/kg of last week. Thus, coffee prices have decreased by approximately 3,000 – 3,800 VND/kg, indicating a clear correction trend after a period of high prices.

Specifically, the price of coffee in Dak Lak currently stands at 89,200 VND/kg. Similarly, in Gia Lai, the price of coffee today is also trading at 89,200 VND/kg, making these two localities the areas with the highest prices in the country.

Meanwhile, coffee prices in Lam Dong are at 88,700 VND/kg, about 500 VND/kg lower than in Dak Lak and Gia Lai , making it the lowest price in the region.

The above developments indicate that the domestic coffee market is experiencing slight differentiation between regions, and is entering a correction phase after the relatively strong increase last week. Businesses and investors are now shifting to a more cautious stance in light of fluctuations in the international market.

According to experts, geopolitical factors, particularly tensions in the Middle East, still pose a potential risk of indirectly impacting the coffee market through logistics costs, energy prices, and fertilizer prices. In addition, favorable weather conditions in key growing regions of Brazil are reinforcing expectations of a record harvest, contributing to a more cautious market sentiment.

Meanwhile, the world's major commodity exchanges have entered an extended Easter holiday. The London Stock Exchange will be closed until April 6th, while the New York Stock Exchange will also close for trading on April 3rd and will only trade individually with a shortened session on April 6th.

Previously, in the trading session on April 2nd, the price of Robusta coffee futures contracts for May 2026 delivery on the London exchange fell to $3,448 per ton, while the July 2026 contract only reached $3,346 per ton.

On the New York Stock Exchange, the price of Arabica coffee for May 2026 delivery reached 295.4 US cents/pound, while the July 2026 contract reached 289.4 US cents/pound (1 pound = 0.4536 kg).

Regarding the Asian rice market, in India, the world's leading rice exporter, the price of parboiled rice with 5% broken grains was quoted at $341-$348 per ton, unchanged from the previous week. Similarly, white rice with 5% broken grains remained at $336-$341 per ton. Reduced demand due to rising sea freight costs has made importers cautious about signing new contracts.

In Thailand, the price of 5% broken rice increased slightly to between US$370 and US$375 per ton, compared to US$365 per ton last week. This was mainly due to fluctuations in the Thai baht. Currently, demand from European markets and other regions in Asia remains unstable, making the market sensitive to price adjustments.

In Vietnam, the asking price for 5% broken rice is $375 per ton, a sharp increase from the $350-$355 per ton of the previous week. According to traders in Ho Chi Minh City, conflicts in the Middle East are driving up production and logistics costs. In addition, domestic supply is more limited as the winter-spring harvest is nearing its end.

According to the Ministry of Agriculture and Environment, rice exports reached 2.3 million tons with a value of 1.11 billion USD, a slight increase of 0.2% in volume but a decrease of 7.8% in value compared to the same period in 2025. The average export price of rice was estimated at 480.1 USD/ton, a decrease of about 8% compared to the same period last year.

In terms of markets, the Philippines continues to be the largest consumer of Vietnamese rice, accounting for 52.6% of the market share. China and Ghana follow with market shares of 14.8% and 7.6%, respectively.

Among the top 15 export markets, China recorded the strongest growth with export value increasing 2.5 times, while Ivory Coast was the market with the deepest decline, falling by as much as 74.4%.

Positive signals from exports caused slight fluctuations in the domestic rice market last week. In An Giang, many rice varieties saw a slight increase of 100-200 VND/kg. Typical examples include high-quality rice varieties such as OM 18 and Dai Thom 8, reaching 5,700-5,800 VND/kg; OM 5451 fluctuating between 5,400-5,600 VND/kg; IR 50404 reaching 5,400-5,500 VND/kg; while OM 34 remained stable at around 5,100-5,200 VND/kg.

In the raw rice segment, Dai Thom 8 continues to maintain a price level of 9,200 – 9,400 VND/kg, leading the high-quality group. Other varieties remain stable: OM 18 from 8,900 – 9,100 VND/kg; IR 504 around 8,000 – 8,100 VND/kg; CL 555 from 8,050 – 8,100 VND/kg and OM 380 at 7,500 – 7,600 VND/kg. Finished IR 504 rice remains stable around 9,500 – 9,700 VND/kg.

Meanwhile, by-products ranged from 7,600 to 11,500 VND/kg, with IR 504 rice bran at 7,600 to 7,700 VND/kg and rice bran at 10,500 to 11,500 VND/kg.

In the retail market, specialty rice like Nang Nhen costs 28,000 VND/kg; followed by Japanese and Jasmine rice at around 22,000 VND/kg; Nang Hoa at 21,000 VND/kg; and fragrant rice varieties such as long-grain Thai and Taiwanese fragrant rice range from 20,000 to 22,000 VND/kg. In the mid-range segment, regular and common white rice is priced at 16,000-17,000 VND/kg, while regular rice is 12,000-13,000 VND/kg; Jasmine rice remains at 13,000-14,000 VND/kg.

Regarding the US grain market, on the Chicago Board of Trade (CBOT), grain commodities concluded a volatile trading week ahead of the Easter holiday. A cautious sentiment prevailed as geopolitical tensions in the Middle East pushed energy prices and transportation costs higher.

At the close of trading on April 2nd, the price of wheat futures for May 2026 delivery fell by 6.75 US cents to $5.9825 per bushel. The price of corn for the same delivery period decreased by 9.75 US cents to $4.5225 per bushel. However, the price of soybean futures for May 2026 delivery bucked the trend, rising by 4.25 US cents to close at $11.6325 per bushel. (1 bushel of wheat/soybeans = 27.2 kg; 1 bushel of corn = 25.4 kg).

World crude oil prices surged to $112.06 per barrel following US President Donald Trump's announcement of maintaining military operations in the Strait of Hormuz. This development is expected to put significant pressure on agricultural logistics costs in the short term.

Source: TinTucNews