AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND66,300 – VND66,800 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND66,800/kg, while traders in Lam Dong province offered the lowest price of VND66,300/kg. Robusta coffee stayed at VND66,300per kg in Bao Loc, Di Linh, and Lam Ha; at VND66,600 – VND66,700 per kg in Dak Lak; at VND66,700 – VND66,800 per kg in Dak Nong; at VND66,400 per kg in Kon Tum, and at VND66,300 - VND66,400 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.
This issue must be addressed as soon as possible if they are to continue being used to grow coffee because the beans grown there will be classified as having been cultivated on deforested land, Hai stressed.
The Vicofa leader also warned about the increased risk of farmers destroying forests to farm coffee since the domestic coffee price has recently reached VND70,000 (US$3) per kilogram, the highest over the past 15 years.
According to Vicofa, the EU is a key export market for Vietnamese coffee as it represents about 40 percent of Vietnam’s annual coffee exports.
Following are domestic Robusta coffee prices on July 10, in Vietnam's Central Highlands:

 
T.Huong
Source: Vitic/Kinhtedothi