AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND49,200 – 49,600 per kg compared to Yesterday, according to Kinhtedothi.com.

Cư M'gar of Dak Lak provided the maximum price of VND49,600/kg, while traders in Lam Dong province offered the lowest price of VND49,200 /kg. Robusta coffee stayed at VND49,200 per kg in Bao Loc, Di Linh, and Lam Ha; at VND49,500- 49,600 per kg in Dak Lak; at VND49,400-49,500 per kg in Dak Nong; at VND49,500 per kg in Kon Tum, and at VND49,400-49,500 per kg in Gia Lai.
Coffee prices in Vietnam have experienced a gradual incline in tandem with the global trend, but the stocks of local coffee producers have remained stagnant, displaying limited liquidity and extended periods of inactivity.
As of the start of 2023, domestic coffee prices have risen by approximately 20% since the end of 2022, reaching 48,000 VND per kg (equivalent to 2.05 USD per kg) and inching closer to the peak recorded in August of 2022.
This increase can be attributed to the upward momentum of coffee prices in international markets, triggered by discouraging news concerning Brazil's coffee production. After a decline in January, Vietnam's coffee exports soared in February.
The average export price during the period was 2,177 USD a tonne, down 1.9% on-year but up 1% compared to last December. Coffee export turnover is estimated to continue to increase in March. Some coffee exporters expect that demand for coffee beans in 2023 will increase.
If Brazil's output is again hampered by unfavourable weather, coffee prices could peak from a year ago or possibly go higher. The majority of the supply of arabica coffee in Vietnam has currently been purchased.
On the other hand, the country's coffee output is forecast to slide.
In the crop year of 2022/23, coffee production is expected to decrease by 10-15% over last year to about 1.47 million tonnes, according to the Vietnam Cocoa Coffee Association (Vicofa). Reduction in coffee growing areas as farmers switch to other, more effective crops such as durian, avocado, or intercropping in the garden was attributed to the fall in outputs.
Coffee exports from Vietnam are estimated to have decreased 1.6% in the first quarter of 2023 from a year earlier to 572,000 tonnes, equivalent to 9.5 million 60-kg (130-pound) bags, the General Statistics Office said on Wednesday. Coffee export revenue for Vietnam, the world's biggest producer of the robusta bean, fell 2.3% to $1.3 billion in the January-March period, the agency said. The country's coffee shipments in March are estimated at 230,000 tonnes, valued at $522 million.
Following are domestic Robusta coffee prices on April 11, in Vietnam's Central Highlands: