DAILY: Vietnamese coffee prices decreased by 200 VND on August 11
Friday, August 11,2023AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 200 VND to VND66,900 – VND67,700 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND67,700/kg, while traders in Lam Dong province offered the lowest price of VND66,900/kg. Robusta coffee fell to VND66,900/kg in Bao Loc, Di Linh, and Lam Ha; to VND67,400 – VND67,500 per kg in Dak Lak; to VND67,600- VND67,700 in Dak Nong; to VND67,000 per kg in Kon Tum, and to VND66,900 - VND67,000 per kg in Gia Lai.
The price of coffee fell due to Brazil's release of export data for July 2023. Accordingly, Brazil's coffee exports in July 2023 increased by 22%, reaching 2.7 million bags, of which Robusta tripled with 505 thousand bags. The Arabica harvest in Brazil's leading producer is entering the final stage with favorable climate conditions and the upcoming supply is expected to flood the market. Brazilian farmers have now harvested 80% of the crop, with a growth outlook of 7.5%.
The price of Robusta coffee decreased because the market received the July coffee export data report from the General Department of Vietnam Customs, reaching 108,872 tonnes (about 1,814 million bags), down 7.60% over the same period last year. Previously, it was only 3.43% lower than coffee exports in the first 7 months of calendar year 2022, but 36.09% higher than the initial export estimate of the General Statistics Office of Vietnam.
Following are domestic Robusta coffee prices on August 11, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
Exports reached over 30 billion USD/month for first time in 2023
Smart border gate promotes Vietnam-China economic ties
Vietnam steel market update: Vietnam preparing AD sunset review on cold-rolled stainless steel from 4 countries
DAILY: Vietnamese pepper prices remained unchanged on August 10
DAILY: Vietnamese coffee prices decreased by 200 VND on August 10
Reference exchange rate down 5 VND on August 10
Việt Nam, Indonesia to raise trade to $15b by 2028: Leaders
In the second half of 2023, which seafood businesses can make a breakthrough?
Economy improves but challenges remain: official
Vietnam’s 5 largest fruit and vegetable import markets
Vietnam rice market update: Export prices reach 15 – year high
DAILY: Vietnamese pepper prices remained unchanged on August 9
FDI in Vietnam in first 7 months of 2023 and outlook
DAILY: Vietnamese coffee prices increased by 100 VND on August 9
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...