DAILY: Vietnamese coffee prices fell by 900 VND on July 13
Thursday, July 13,2023AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area decreased by 900 VND to VND64,700 – VND65,400 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND65,400/kg, while traders in Lam Dong province offered the lowest price of VND64,700/kg. Robusta coffee fell to VND64,700/kg in Bao Loc, Di Linh, and Lam Ha; to VND65,200 – VND65,300 per kg in Dak Lak; to VND65,300 – VND65,400 per kg in Dak Nong; to VND65,100 per kg in Kon Tum, and to VND65,000 - VND65,100 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 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 per tonnes.
The sector has been listed in “one-billion-USD” club since 2010 and reached its peak of $4.056 billion in 2022. The club includes exports that fetch at least $1 billion 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 in six traditional ones.
If export turnover reaches about $360 million a month from now until end of this year, the sector will set a new record of $4.5 billion in 2023, an increase of 10.9% compared to 2022.
Following are domestic Robusta coffee prices on July 13, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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