DAILY: Vietnamese coffee prices remained unchanged on August 7
Monday, August 7,2023AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area stayed at VND66,100 – VND67,000 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND67,000/kg, while traders in Lam Dong province offered the lowest price of VND66,100/kg. Robusta coffee stayed at VND66,100/kg in Bao Loc, Di Linh, and Lam Ha; at VND66,700 – VND66,800 per kg in Dak Lak; at VND67,000 – VND67,100 per kg in Dak Nong; at VND66,400 per kg in Kon Tum, and at VND66,300 - VND66,400 per kg in Gia Lai.
Coffee exports from Vietnam are estimated to have decreased 6% in the first seven months of 2023 from a year earlier to 1.087 tonnes, equivalent to 18.2 million 60 kg (130 pound) bags, official data showed.
Lam Dong is the second-largest locality in the country (after Dak Lak) in terms of coffee development. According to the Lam Dong Department of Agriculture and Rural Development, the total area of coffee in the province so far reaches about 176,000 ha, of which Robusta coffee accounts for over 160,000 ha (about 93%) and Arabica coffee accounts for over 12,000 ha (accounting for 7%). The province's Robusta coffee products are mainly exported to European markets such as Germany, Spain, Belgium, and Italy, and Asian markets such as Taiwan, Korea, Japan, and Indonesia. According to statistics, in 2022, the province's export of green coffee reached over 90,000 tonnes with a value of over USD 175 million. Determining coffee as one of the key crops, Lam Dong province has implemented many solutions in organizing production and improving yield and output, especially in developing the Robusta coffee industry effectively and meeting domestic and foreign market demand.
According to the Lam Dong Department of Agriculture and Rural Development, in the 2015–2022 period, this province has carried out replanting and grafting to renovate a total of over 77,000 ha. Particularly in 2023, the locality proposed a plan to implement replanting and grafting on an estimated area of over 7,000 ha. According to the assessment, the work of replanting and grafting Robusta coffee seeds has contributed to increasing the province's coffee yield from 2.9 tons of beans/ha in 2015 to 3.3 tonnes of beans/ha in 2021. Thus, output also increased from 400,000 tonnes in 2015 to 560,000 tonnes in 2021.
Following are domestic Robusta coffee prices on August 7, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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