DAILY: Vietnamese coffee prices increased by 700 VND on April 25
Tuesday, April 25,2023AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 700 VND to VND51,200 – 51,700 per kg compared to Yesterday, according to Kinhtedothi.com.
Cư M'gar of Dak Lak provided the maximum price of VND51,700/kg, while traders in Lam Dong province offered the lowest price of VND51,200/kg. Robusta coffee increased to VND51,200 per kg in Bao Loc, Di Linh, and Lam Ha; to VND51,600- 51,700 per kg in Dak Lak; to VND51,500-51,600 per kg in Dak Nong; to VND51,600 per kg in Kon Tum, and at VND51,500-51,600 per kg in Gia Lai.
Vietnam shipped a total of 210,370 tonnes of coffee worth US$482.43 million abroad in March, with exports to Indonesia, Russia, and Algeria witnessing a triple-digit growth, according to figures released by the General Department of Vietnam Customs.
This figure represents an increase of 5.2% in volume and 10.9% in value compared to February, but a decline of 0.3% in volume and an up of 1.7% in value against the same period from last year.
In the first quarter of the year, Vietnamese coffee exports reached 552,610 tonnes, worth approximately US$1.23 billion, marking a drop of 5.0% in volume and 5.4% in value over the same period from 2022.
The average export price of Vietnamese coffee in March surged by 5.5% to reach US$2,293 per tonne compared to February and up 2.0% compared to March 2022.
However, the country’s average coffee export price in the first quarter of the year dropped by 0.3% on-year to US$2,222 per tonne.
During the 4-month period, national coffee exports to most markets recorded an upward trend, with the exception of Belgium, Spain, Japan, and the Netherlands. Most notably, coffee exports to Indonesia, Russia, and Algeria recorded a triple-digit growth rate compared to the first quarter of last year.
Specifically, coffee exports to Russia, Indonesia, and Algeria in the reviewed period increased by more than 76%, 209%, and 126,8% on-year, respectively.
Following are domestic Robusta coffee prices on April 25, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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