DAILY: Vietnamese coffee prices remained unchanged on October 2Monday, October 2,2023
AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND65,900 – VND66,700 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND66,700/kg, while traders in Lam Dong province offered the lowest price of VND65,900 /kg. Robusta coffee stayed at VND65,900 in Bao Loc, Di Linh, and Lam Ha; at VND66,400 – VND66,500 per kg in Dak Lak; at VND66,600 - VND66,700 in Dak Nong; at VND66,300 per kg in Kon Tum, and at VND66,200 - VND66,300 per kg in Gia Lai.
The ILD Coffee Vietnam Ltd Company on September 29 inaugurated its freeze-dried instant coffee factory with an annual production capacity of 5,600 tonnes in the southern province of Binh Duong.
The factory with a total investment of more than 84 million USD is located in the Protrade International Industrial Park in An Tay commune, Ben Cat town.
It using modern extraction and freeze-drying technology is installed production equipment designed to minimise impacts on the environment.
Coffee is one of Vietnam's key industrial crops. Every year, Vietnam exports over 1.1 million tonnes of coffee bean, mainly Robusta, to nearly 100 markets. Most of Vietnam’s exported coffee is raw, unprocessed so its added value is modest.
The instant coffee factory is expected to increase the added value of the products and incomes for coffee growers.
Following are domestic Robusta coffee prices on October 2, in Vietnam's Central Highlands:
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