Sunday, May 19,2024 - 13:56 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices decreased by 200 VND on September 13 

 Wednesday, September 13,2023

AsemconnectVietnam - On Wednesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 200 VND to VND64,900 – VND65,800 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND65,800/kg, while traders in Lam Dong province offered the lowest price of VND64,900/kg. Robusta coffee decreased to VND64,900 in Bao Loc, Di Linh, and Lam Ha;  to VND65,500   – VND65,600 per kg in Dak Lak; to VND65,900 - VND66,000  in Dak Nong; to VND65,500 per kg in Kon Tum, and to VND65,400 - VND65,500 per kg in Gia Lai.
Vietnam's coffee exports have experienced a significant decline in recent months, primarily due to a dwindling supply. According to data from the General Department of Customs of Vietnam, coffee exports in August 2023 plummeted to 84,647 tons, which is equivalent to approximately 1.41 million bags. This marked a substantial 22.3% decrease in volume compared to July 2023 and 30.97% in volume compared to the same period in 2022. As a result of the sharp decline in August, coffee exports for the first eight months of the year recorded a 5.4% reduction in volume compared to the same period in 2022, totaling 1.2 million tons. Nevertheless, the high export prices of coffee, when compared to the previous year, led to a 3.1% increase in export revenue over the last eight months, amounting to nearly 3 billion USD.
The downward trend in coffee exports can be attributed to the depletion of the available supply. Despite the decreased supply, coffee prices have witnessed a recent decline.
Following are domestic Robusta coffee prices on September 13, in Vietnam's Central Highlands:

 
T.Huong
Source: Vitic/Kinhtedothi

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