Thursday, May 30,2024 - 23:26 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices remained unchanged on April 2, 2024 

 Tuesday, April 2,2024

AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND98,100 – VND98,700 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND98,700/kg, while traders in Lam Dong province offered the lowest price of VND98,100 /kg. Robusta coffee stayed at VND98,100 per kg in Bao Loc, Di Linh, and Lam Ha; at VND 98,500 per kg - VND98,600 per kg in Dak Lak; at VND98,600 – VND98,700 in Dak Nong; at VND98,500 per kg in Kon Tum, and at VND98,500 – VND98,600 per kg in Gia Lai.
Viet Nam shipped nearly 799,000 tonnes of coffee, valued at US$1.9 billion in January-March period, with average price of US$3,500 - US$4,000 per tonne, said the Ministry of Agriculture and Rural Development.
The Southeast Asian nation is the second largest coffee producer and exporter in the world and its coffee has been exported to 70 countries and territories.
Lam Dong province in the Central Highlands and Son La province in Northwest Viet Nam are the major Robusta cultivation hubs.
Last year, coffee exports decreased by 9.6 percent to 1.61 million tonnes but export revenue rose to a record high of US$4.18 billion.
Vietnam's coffee prices are expected to continue to increase due to limited supply while the export of these products has also enjoyed relative growth, according to insiders. Domestic coffee prices continuously set new records and are about to approach 100,000 VND (about 4 USD) per kg.
Coffee is the second biggest export turnover earner among agricultural products, just behind wood products. It is attributable to the fact that coffee prices have increased by 43.5% over the same period last year and reached an average of 3,181 USD per tonne.
Export coffee prices have increased, but there’s not much coffee left in stock. According to the Vietnam Coffee-Cocoa Association (Vicofa), Vietnam’s coffee production for the 2023-2024 crop will decline by 20% compared to the previous crop, to more than 1.33 million tonnes.
Following are domestic Robusta coffee prices on April 2, in Vietnam's Central Highlands:

Source: Vitic/Kinhtedothi


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