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DAILY: Vietnamese coffee prices rose by 200 VND on June 23 

 Friday, June 23,2023

AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 200 VND to VND65,800 – 66,500 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND66,500/kg, while traders in Lam Dong province offered the lowest price of VND65,800/kg. Robusta coffee rose to VND65,800 per kg in Bao Loc, Di Linh, and Lam Ha; to VND 66,200 – VND66,300 per kg in Dak Lak; to VND66,400 – VND66,500 per kg in Dak Nong; to VND66,000 per kg in Kon Tum, and to VND65,900 - VND60,000 per kg in Gia Lai.
The General Department of Vietnam Customs reported preliminary data showing that robusta coffee exports in the first half of June reached 68,744 tonnes (about 1.145 million bags), bringing coffee exports in the first 6.5 months to a total of 934,863 tonnes(about 15.58 million bags), down 1.36% over the same period last year.
In the first 5 months of 2023, Vietnam exported 866,121 tonnes of coffee, 3.9% lower thadn the same period last year. In particular, in May 2023, the export volume of coffee was only recorded at 149,667 tonnes, down 8.5% from the previous month and the second-lowest monthly export level since the beginning of the year.
Coffee production in the year 2022/23 is estimated to decrease by 10-15%, according to the Vietnam Coffee Association (Vicofa). For a coffee-producing power like Vietnam, the loss of 10-15% of output is huge, which will affect the supply-demand as well as the global coffee price.
Following are domestic Robusta coffee prices on June 23, in Vietnam's Central Highlands:

District/City

Purchase price

(VND/kg)

Vs, June 22

LAM DONG

 

 

— Bao Loc ROBUSTA

65,800

      +200

— Di Linh  ROBUSTA

65,800

+200

— Lam Ha  ROBUSTA

65,800

+200

DAK LAK

 

 

— Cư M'gar  ROBUSTA

66,300

      +200

— Ea H'leo  ROBUSTA

66,200

+200

— Buon Ho  ROBUSTA

66,200

+200

GIA LAI

 

 

— Chư Prong  ROBUSTA

66,000

      +200

— Pleiku  ROBUSTA

65,900

+200

— La Grai  ROBUSTA

65,900

+200

ĐAK NONG

 

 

— Gia Nghia  ROBUSTA

66,500

+200

— Đak R'lap  ROBUSTA

66,400

+200

KON TUM

 

 

— Đak Ha  ROBUSTA

66,000

+200

T.Huong
Source: Vitic/Kinhtedothi

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