News about coffee

Hoang Anh Gia Lai International Investment JSC (HGI) successfully sold all 18.8 million shares offered in its IPO at VND 60,600 per share, lifting its charter capital to over VND 1,873 billion and its market capitalization to about VND 11,350 billion at the offer price. The Hanoi Stock Exchange (HNX) will list 187.3 million HGI shares for trading on UPCoM from November 9, 2026, with a reference price of VND 60,600. Institutional investors took 51% of the offering and individuals 49%, while Hoang Anh Gia Lai Group (HAG) keeps a 75.48% stake. For 2026, HGI targets net revenue of VND 7,456 billion, after-tax profit of VND 1,815 billion and a cash dividend of VND 5,000 per share. The company signed an MOU and a contract to sell 1,000 tonnes of coffee to Shanghai-based MQ Coffee, with delivery expected in early 2027, and aims for a HOSE listing in 2027.

Coffee prices in Dak Lak and Lam Dong fell for 8 straight sessions to below 90,000 dong per kg, after reaching 104,000 dong in August. On the morning of October 28, prices edged up 200 dong to 88,500 dong per kg but remained about 15% below the August recovery and 35% below the March peak. In world markets, New York Arabica for December 2026 delivery fell 2.39% to 293.75 US cents per pound, while London Robusta for November 2026 delivery rose 1.44% to USD 3,240 per tonne. Vicofa said the 2026-2027 harvest enters its main season from November and forecast that Vietnam's coffee exports could rise 8-10% from 2025. USDA projects record global output of 189.7 million 60-kg bags for 2026-2027, exceeding demand by nearly 10 million bags, which raises oversupply risk and pressure on prices.

Đoàn Nguyên Đức, chairman of Hoàng Anh Gia Lai (HAGL), said the company has signed a contract to export 1,000 tonnes of Arabica green coffee to China at 47 yuan per kg, roughly 182,000 dong. The first harvest from nearly 3,000 ha of coffee is expected to start in November, with the shipment to be delivered the following year. HAGL plans to plant an additional 5,000 ha each year over the next two years, aiming for 20,000 ha by the end of 2028, with total funding needs of about 14,220 billion dong for 2026-2028. Coffee garden development costs reached 3,083 billion dong as of June 30, up more than 1,300 billion dong since the start of the year. The company plans to fund the expansion through share issuance, retained earnings and some borrowing, targeting debt of no more than 50% of equity and 30% of total assets by year-end.