DAILY: Vietnamese coffee prices remained unchanged on July 17

Trade News

DAILY: Vietnamese coffee prices remained unchanged on July 17

Monday, July 17,2023

AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND64,900 – VND65,500 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND65,500/kg, while traders in Lam Dong province offered the lowest price of VND64,900/kg. Robusta coffee stayed at VND64,900/kg in Bao Loc, Di Linh, and Lam Ha; at VND65,300 – VND65,400 per kg in Dak Lak; at VND65,500 – VND65,600 per kg in Dak Nong; at VND65,200 per kg in Kon Tum, and at VND65,100 - VND65,200 per kg in Gia Lai.

Vietnam needs to develop a coffee value chain to help the industry develop along an integrated, multi-valued and humane direction, so that coffee growers can receive the most benefits in the value chain, said Minister of Agriculture and Rural Development Le Minh Hoan.

Although Vietnam is the world’s second biggest coffee exporter, around 90% of its coffee exports are in the raw form, resulting in low export revenue as well as brand recognition.

Even when the country tops the world in term of coffee export volume, it only stands at the 10th place in term of value.

To increase the value of coffee exports, building a coffee production chain is one of directions to develop the industry sustainably.

The close connectivity from farmers to processing companies will create a coffee production line that ensures high product quality, environmental protection and sustainable development.

Export revenue of coffee is expected to hit a new record this year, exceeding the four billion USD achieved last year, the Vietnam Coffee Cocoa Association (VICOFA) said.

However, both farmers and exporters said they do not benefit from rising prices of coffee due to rising inflation that has pushed production cost up.

Following are domestic Robusta coffee prices on July 17, in Vietnam's Central Highlands:

District/City	Purchase price (VND/kg)	Vs, July 16
LAM DONG
— Bao Loc ROBUSTA	64,900	-
— Di Linh ROBUSTA	64,900	-
— Lam Ha ROBUSTA	64,900	-
DAK LAK
— Cư M'gar ROBUSTA	65,400	-
— Ea H'leo ROBUSTA	65,300	-
— Buon Ho ROBUSTA	65,300	-
GIA LAI
— Chư Prong ROBUSTA	65,100	-
— Pleiku ROBUSTA	65,200	-
— La Grai ROBUSTA	65,200	-
ĐAK NONG
— Gia Nghia ROBUSTA	65,600	-
— Đak R'lap ROBUSTA	65,500	-
KON TUM
— Đak Ha ROBUSTA	65,200	-

T.Huong
Source: Vitic/Kinhtedothi

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