Softs: Coffee, Cocoa, Sugar and Cotton Daily — 2026-10-25
Brazilian coffee exports surged 15.5% year-on-year for the July-September period, signaling a robust start to the 2026/27 season, while domestic prices in Vietnam's Central Highlands fell below 90,000 VND/kg due to four consecutive days of global robusta declines. In Africa, Ivory Coast cocoa stakeholders face scrutiny over residual stock management, even as the government maintains the fixed farm-gate price at 1,200 FCFA/kg.
Softs: Coffee, Cocoa, Sugar and Cotton Daily — 2026-10-25
Top developments
Brazilian Coffee Exports Surge 15.5% in Early Season Brazil shipped 11.21 million 60-kg bags of coffee between July and September 2026, marking a 15.5% increase compared to the 9.707 million bags exported during the same period last year. This strong performance highlights the resilience of Brazilian supply chains and places downward pressure on ICE Arabica futures, which recently retreated after hitting a six-week high.
Vietnamese Robusta Prices Drop Below 90,000 VND/kg Coffee prices in Vietnam’s Central Highlands fell to 89,000–89,500 VND/kg on October 25, following a four-day streak of declines driven by rising ICE certified stocks and weak global demand. This local price correction reflects the broader bearish trend in robusta futures, contrasting with the mixed performance in Arabica markets.
Ivory Coast Cocoa Stakeholders Under Scrutiny Cooperative leaders in Ivory Coast have been summoned by economic police regarding the management of residual cocoa stocks, with financial commitments of 350 FCFA per kilogram of unloaded cocoa under investigation. This development adds uncertainty to the supply side of the world’s largest cocoa producer, even as the farm-gate price remains fixed at 1,200 FCFA/kg for the 2026/27 campaign.
Raw Sugar Steadies Amid Oil Rally and Weather Risks ICE raw sugar futures steadied on Friday as oil prices rallied and El Niño-linked weather concerns persisted in key growing regions. While sugar prices have retreated from recent 19-month highs, the market remains supported by delayed harvest expectations in Brazil and constrained EU beet yields.
Local view
In Vietnam, local media outlets such as Doanh nghiệp kinh tế xanh highlight the sharp correction in domestic coffee prices, attributing the drop to global robusta weakness and increased certified stocks at ICE warehouses. Meanwhile, Brazilian media like Globo Rural and Forbes Brasil focus on the resilience of export volumes despite price volatility, noting that the strong start to the 2026/27 season is helping producers maintain revenue stability.
In Ivory Coast, local reporting by Afrik Soir emphasizes the legal and logistical challenges surrounding cocoa stock management, suggesting that the current surveillance of cooperatives could impact near-term arrivals and export efficiency.
Context & numbers
- Brazil Coffee Exports: 11.21 million bags (July–Sept 2026), +15.5% YoY.
- Vietnam Coffee Price: 89,000–89,500 VND/kg (Oct 25, 2026), down from >92,000 VND/kg earlier in the month.
- Ivory Coast Cocoa Farm-Gate Price: Fixed at 1,200 FCFA/kg for the 2026/27 main campaign.
- ICE Sugar Market: Raw sugar futures steadied after hitting 19-month highs; EU white sugar (No.5) retreated from early October peaks.
On the radar
- Ivory Coast Cocoa & Forests Initiative: The technical committee validated the Phase 3 action plan (2026-2030) on October 20, potentially affecting long-term sustainability certifications and export access.
- Brazilian Harvest Progress: Market participants are closely watching weather forecasts for dry conditions in Brazil’s coffee-growing regions, which could accelerate harvest progress and further pressure prices.
- EU Sugar Beet Yields: Continued constraints in EU beet yields are keeping London white sugar markets tight, with traders monitoring for any policy shifts or weather updates in the coming weeks.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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