AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND65,000 – VND65,800 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND67,500/kg, while traders in Lam Dong province offered the lowest price of VND65,800/kg. Robusta coffee fell to VND65,000/kg in Bao Loc, Di Linh, and Lam Ha; to VND65,500 – VND65,600 per kg in Dak Lak; to VND65,700- VND65,800 in Dak Nong; to VND65,200 per kg in Kon Tum, and to VND65,200 - VND65,200 per kg in Gia Lai.
Alongside the advantages, the challenges in boosting Vietnam's coffee exports in 2023 extend beyond supply constraints, encompassing issues of quality and the origin of coffee. The current trend of rising coffee prices may lead to the expansion of cultivation areas. Specifically, at the end of 2022, the EU issued strict orders prohibiting the import of coffee related to deforestation, raising concerns about the amount of Vietnamese coffee that could be exported to this market and posing a challenge for developing coffee in a more sustainable manner. The EU's new regulations not only imposed stricter requirements on exported coffee but also served as a factor that could drive the coffee industry's sustainable development, shifting the focus from expanding acreage for increased production to emphasizing productivity issues.
Simultaneously, the EU's tightening of residue limits of pesticides for various types of seeds, including coffee, at 0.1 mg/kg, has presented a difficulty, necessitating farmers to adjust their production methods to meet the new standards for export activities.
According to the VICOFA, the EU is a significant export market for Vietnamese coffee, accounting for around 40% of Vietnam's total annual coffee exports. Major coffee purchasers from Vietnam are mostly large corporations such as Nestle, JDE, Newman, Louis Dreyfus, and others. Therefore, to stabilize the coffee export market to the EU, Vietnam's coffee industry must adhere to the European Union Timber Regulation (EUTR). Given this context, the VICOFA warned that, under the EU's new regulations, coffee products originating from deforested and degraded areas after December 30, 2020, would not be allowed for export to this market. Therefore, it's essential to avoid cultivation on land with deforestation risks as this would negatively impact Vietnam's coffee exports in the future.
Following are domestic Robusta coffee prices on August 15, in Vietnam's Central Highlands:

    
T.Huong
Source: Vitic/Kinhtedothi