DAILY: Vietnamese coffee prices remained unchanged on July 6
Thursday, July 6,2023AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND64,500 – VND65,100 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND65,100/kg, while traders in Lam Dong province offered the lowest price of VND64,500/kg. Robusta coffee stayed at VND64,500 per kg in Bao Loc, Di Linh, and Lam Ha; at VND64,800 – VND64,900 per kg in Dak Lak; at VND65,000 – VND65,100 per kg in Dak Nong; at VND64,700 per kg in Kon Tum, and at VND64,600 - VND64,700 per kg in Gia Lai.
Coffee is an export highlight of agricultural products in the first half of 2023, as the industry's export revenue earned 2 billion USD in the period, the General Department of Customs has announced.
According to statistics from the department, as of June 15, the country exported 934,900 tonnes of coffee, down 3.7% compared to the same period in 2022 with export prices increasing nearly 2 USD per tonnes.
The sector has been listed in “one-billion-USD” club since 2010 and reached its peak of 4.056 billion USD in 2022. The club includes exports that fetch at least 1 billion USD a year.
Vietnamese coffee has been present in 38 markets worldwide, of which it enjoys an export turnover of over 10 million in 25 markets and more than 100 million USD in six traditional ones.
If export turnover reaches about 360 million USD a month from now until end of this year, the sector will set a new record of 4.5 billion USD in 2023, an increase of 10.9% compared to 2022.
To reach the target, the sector needs to implement several measures, including boosting production, expanding coffee growing area and increasing the ratio of processed coffee in order to increase export value.
The sector is also asked to restructure domestic and foreign consumption while expanding market shares in new foreign markets.
Following are domestic Robusta coffee prices on July 6, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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