Wednesday, February 21,2024 - 11:5 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices increased by 500 VND on March 17 

 Friday, March 17,2023

AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 500 VND to VND46,800 – 47,200 per kg compared to Yesterday, according to Kinhtedothi.com.

Cư M'gar of Dak Lak provided the maximum price of VND47,200/kg, while traders in Lam Dong province offered the lowest price of VND46,800/kg. Robusta coffee increased to VND46,800 per kg in Bao Loc, Di Linh, and Lam Ha; to VND47,100- 47,200 per kg in Dak Lak; to VND47,000-47,100 per kg in Dak Nong; to VND47,100 per kg in Kon Tum, and to VND47,000-47,100 per kg in Gia Lai.
The Ministry of Industry and Trade (MoIT)'s Import-Export Department cited statistics of the Statistical Office of the European Communities (EUROSTAT) as saying that the market share of Vietnamese coffee in Spain's total imports from the global market accounted for 30.16% in 2022.
Statistics compiled by the department indicate that Vietnam exported 342,300 tonnes of coffee in the first two months of the year, earning 745.28 million USD, down 7% in volume and 9.5 percent in value year-on-year. In February alone, the country shipped abroad over 200,000 tonnes of coffee worth 434.9 million USD to foreign markets, up 40.3% in volume and 40.1% in value compared to the previous month. Notably, in the January-February period, Vietnam's coffee exports to almost traditional markets increased. The country recorded 2- to 3-digit growth rates to markets such as Algeria, the Netherlands, Mexico, Russia, and Italy. According to the department, Spain is the 8th largest trading partner of Vietnam in the EU, and the 8th biggest importer of Vietnamese goods.
Spain's coffee sector is forecast to grow by 6.84% in the 2022-2025 period, therefore there is ample room for Vietnamese coffee exporters to exploit the European market.
Vietnamese localities and business associations have been advised to coordinate with the Vietnam Trade Office in Spain in organising seminars to introduce potential business and cooperation opportunities for businesses, exporters and importers of the two countries. Export businesses need to improve and maintain the quality and brand value of their products in the Spanish market, the office said.
Following are domestic Robusta coffee prices on March 17, in Vietnam's Central Highlands:

District/City

Purchase price

(VND/kg)

Vs, March 16

LAM DONG

 

 

— Bao Loc ROBUSTA

46,800

500

— Di Linh  ROBUSTA

46,800

500

— Lam Ha  ROBUSTA

46,800

500

DAK LAK

 

 

— Cư M'gar  ROBUSTA

47,200

500

— Ea H'leo  ROBUSTA

47,100

500

— Buon Ho  ROBUSTA

47,100

500

GIA LAI

 

 

— Pleiku  ROBUSTA

47,100

500

— Ia Grai  ROBUSTA

47,100

500

— Chư Prong  ROBUSTA

47,000

500

ĐAK NONG

 

 

— Đak R'lap  ROBUSTA

47,000

500

— Gia Nghia  ROBUSTA

47,100

500

KON TUM

 

 

— Đak Ha  ROBUSTA

47,100

       500

T.Huong
Source: Vitic/Kinhtedothi

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