AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND50,000 – 50,400 per kg compared to Yesterday, according to Kinhtedothi.com.

Cư M'gar of Dak Lak provided the maximum price of VND50,400/kg, while traders in Lam Dong province offered the lowest price of VND50,000 /kg. Robusta coffee stayed at VND50,000 per kg in Bao Loc, Di Linh, and Lam Ha; at VND50,300- 50,400 per kg in Dak Lak; at VND50,200-50,300 per kg in Dak Nong; at VND50,300 per kg in Kon Tum, and at VND50,200-50,300 per kg in Gia Lai.
Coffee prices in Vietnam have experienced a gradual incline in tandem with the global trend, but the stocks of local coffee producers have remained stagnant, displaying limited liquidity and extended periods of inactivity.

As of the start of 2023, domestic coffee prices have risen by approximately 20% since the end of 2022, reaching 48,000 VND per kg (equivalent to 2.05 USD per kg) and inching closer to the peak recorded in August of 2022.

This increase can be attributed to the upward momentum of coffee prices in international markets, triggered by discouraging news concerning Brazil's coffee production.
In the crop year of 2022/23, coffee production is expected to decrease by 10-15% over last year to about 1.47 million tonnes, according to the Vietnam Cocoa Coffee Association (Vicofa). Reduction in coffee growing areas as farmers switch to other, more effective crops such as durian, avocado, or intercropping in the garden was attributed to the fall in outputs.

Last year, Vietnam was the world's second-largest coffee exporter, with more than 1.78 million tonnes, worth over 4 billion USD and an average price of 2,293 USD per tonne.

However, Vicofa said that the country's coffee industry still faces many challenges in the balance of supply and demand, the prosperity of coffee growers, accountability, domestic consumption, climate change, and new regulations of other import countries.

Following are domestic Robusta coffee prices on April 13, in Vietnam's Central Highlands: