Gia Nghia of Dak Nong provided the maximum price of VND65,500/kg, while traders in Lam Dong province offered the lowest price of VND65,100/kg. Robusta coffee fell to VND65,100 per kg in Bao Loc, Di Linh, and Lam Ha;  to VND65,200 – VND65,300 per kg in Dak Lak; to VND65,400  – VND65,500  per kg in Dak Nong; to VND65,200 per kg in Kon Tum, and to VND65,100 - VND65,200 per kg in Gia Lai.

The European Union (EU) plan to ban the import of coffee produced on deforested or degraded land from the end of 2024 puts pressure on the Vietnamese coffee sector to do its best to comply with the new regulation. 

The ban is part of the EU’s Deforestation-Free Regulation (EUDR) that was approved by the EU Parliament on April 19 to guarantee that the products EU citizens consume do not contribute to deforestation or forest degradation worldwide, according to the European Commission (EC).

The new rule will take effect around December 2024 and January 2025, which means the Vietnamese coffee sector has around 18 months to prepare to meet the EUDR standards, according to the Vietnam Coffee and Cocoa Association (Vicofa). 

By promoting the consumption of ‘deforestation-free’ products, the new rule is expected to bring down greenhouse gas emissions and biodiversity loss, the EC stated.

Coffee is among various commodities subject to the EUDR, including cocoa, palm oil, and rubber, plus products derived from them, such as chocolate, tires, and shoes.

This is a great challenge to Vietnam’s billion-dollar coffee industry since out of 90,000ha of Vietnam’s forests lost in 2021, about 8,000ha are in coffee growing areas, said Nguyen Nam Hai, chairman of Vicofa.
Coffee exports from Vietnam are estimated to have decreased 2.2% in the first half of 2023 to 1.02 million per ton from a year earlier, the equivalent of 17 million 60-kg (130-pound) bags, official data showed. Coffee export revenue rose 3% to $2.4 billion in the January-June period.