Gia Nghia of Dak Nong provided the maximum price of VND66,700/kg, while traders in Lam Dong province offered the lowest price of VND66,100/kg. Robusta coffee rose to VND66,100/kg in Bao Loc, Di Linh, and Lam Ha;  to VND66,600  – VND66,700 per kg in Dak Lak; to VND66,800 – VND66,900 per kg in Dak Nong; to VND66,400 per kg in Kon Tum, and to VND66,400 - VND66,500 per kg in Gia Lai.

In a recently published report, HSBC Vietnam posits that the recurring El Niño, after an absence of three years, could heighten the threat of droughts, water scarcities, and potential disruptions in trade across the ASEAN region.

 

This report, bearing the title “ASEAN Perspectives - the arrival of El Niño", was unveiled last week.

 

Economists working for HSBC believe that the yield of pivotal agricultural products in Vietnam, including rice and coffee, could suffer significantly in the wake of the El Niño phenomenon.

 

The report underscores the primary peril posed to the agricultural sector, highlighting crops such as rice, palm oil, and coffee as particularly susceptible. However, it also draws attention to potential risks faced by the semiconductor industry.

 

Current severe heatwaves sweeping across ASEAN nations are suggestive of the resurgence of El Niño, a meteorological event usually correlated with drought and water shortages. The harsh manifestation of El Niño in 2015-16 had a detrimental impact on the region's economy. In its aftermath, rice production in countries such as Thailand and Vietnam dropped by more than 10%, exemplifying the potential threats posed by this phenomenon.

 

Following are domestic Robusta coffee prices on July 20, in Vietnam's Central Highlands:


T.Huong
Source: Vitic/Kinhtedothi