DAILY: Vietnamese coffee prices remained unchanged on August 28
Monday, August 28,2023AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND64,900 – VND65,800 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND65,800/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 VND65,500 – VND65,600 per kg in Dak Lak; at VND65,700- VND65,800 in Dak Nong; at VND65,000 per kg in Kon Tum, and at VND65,000 - VND65,100 per kg in Gia Lai.
According to the Import-Export Department (under the Ministry of Industry and Trade), citing data from the General Department of Customs, in July of 2023, Vietnam's coffee exports to New Zealand reached 194 tonnes, worth of 583.71 million USD, an increase of 44.8% in volume and 48.0% in value compared to June of 2023, and up by 73.2% in volume and 108.2% in value compared to July of 2022.
In the first 7 months of 2023, Vietnam's coffee exports to New Zealand reached 1,200 tonnes, worth of 3.2 million USD, up by 106.5 percent in volume and 144.2 percent in value compared to the same period last year.
In July of 2023, the average export price of Vietnamese coffee to the New Zealand market reached 3,009 USD/tonne, up by 2.2% compared to June of 2023 and up by 20.2% compared to July of 2022. Generally in the first 7 months of 2023, the average export price of Vietnamese coffee to the New Zealand market reached 2,638 USD/tonne, up by 18.3% over the same period last year.
Regarding the types of coffee exports in the first 7 months of 2023, Vietnam exported Robusta, Arabica and processed coffee to the New Zealand market. In which, the exports of Robusta and processed coffee to the New Zealand market saw an increase of 186.1 percent and 58.5% respectively over the same period last year, accounting for 76.48% and 23.03%, respectively. In contrast, the exports of Arabica coffee to the New Zealand market saw a decrease of 17.2% over the same period last year, accounting for 0.49%.
Following are domestic Robusta coffee prices on August 28, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
T.Huong
Source: Vitic/Kinhtedothi
Vietnamese exporters shift toward e-commerce
Exports add tens of billions of USD to coffers thanks to FTAs
Vietnam’s wooden product exports recover gradually
Vietnam Trade Office supports exports to EU
Trade surplus reaches 16.25 billion USD by mid-August
Foreign retail distributors choose Vietnam as strategic location: official
Reference exchange rate up 44 VND on August 25
Vietnam’s exports and imports of fertilizer in July and first 7 months of 2023
Coffee exports to the New Zealand grew by 3 digits
UKVFTA stimulates growth in Vietnam’s export-oriented industries
Workshop promotes Vietnam- Russia trade through Vladivostok port
Reference exchange rate up 56 VND on August 24
Exports to Japan reached over 13 billion USD in 7 months of 2023
China imported nearly 31 billion USD worth of Vietnamese goods