AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area skyrocketed by 2300 VND to VND64,500 – VND65,100 per kg compared to Yesterday, according to Kinhtedothi.com.

Cư M'gar of Dak Lak provided the maximum price of VND65,100/kg, while traders in Lam Dong province offered the lowest price of VND64,500/kg. Robusta coffee increased to VND64,500 per kg in Bao Loc, Di Linh, and Lam Ha; to VND 65,000 – VND65,100 per kg in Dak Lak; to VND 65,100 – VND 65,200 per kg in Dak Nong; to VND64,900 per kg in Kon Tum, and to VND64,700 - VND64,800 per kg in Gia Lai.
Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s export revenue of this product may exceed last year’s record of 4 billion USD.
The average price of exported coffee in the first give months of this year was 2,295 USD per tonne, up 2.4% over the same period last year, which means coffee export revenue will be high in the rest of the year.
Vice President of the Vietnam Coffee and Cocoa Association (Vicofa) Do Ha Nam held that the rise in coffee prices is due to a shortage in supply as a result of extreme weather conditions. This year, coffee output is predicted to fall 10-15%, while demands for the product is high.
Along with export, many localities have focused on boosting the sustainable development of the domestic market, with the coming into being of many Vietnamese coffee brands.
Last year, Dak Lak province in the region saw more than 250 coffee processing facilities established to provide products for the domestic and foreign markets.
Le Duc Huy, General Director of Simexco DakLak Ltd, said that last year, the firm shipped abroad 101,000 tonnes of green coffee, and sold about 25,000 tonnes in the domestic market.
Under a project to develop Vietnamese specialty coffee in the 2021-2030 period that was approved by the Ministry of Agriculture and Rural Development, in 2025, the area of specialty coffee is expected to account for 2% of the country’s total coffee area, with an output of 5,000 tonnes. The figures are hoped to increase to 3% and 11,000 tonnes in 2030.
Huy said that Vietnamese exporters are switching their focus from quantity to quality to better meet the demands of importers’ demands.
Following are domestic Robusta coffee prices on June 9, in Vietnam's Central Highlands: