AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 100 VND to VND64,900 – VND65,800 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND65,900/kg, while traders in Lam Dong province offered the lowest price of VND65,000/kg. Robusta coffee rose to VND65,000/kg in Bao Loc, Di Linh, and Lam Ha; to VND65,600 – VND65,700 per kg in Dak Lak; to VND65,800- VND65,900 in Dak Nong; to VND65,100 per kg in Kon Tum, and to VND65,100 - VND65,200 per kg in Gia Lai.
Statistics compiled by the General Department of Vietnam Customs indicate that between the beginning of the year to the end of August 15, Vietnam exported 1.54 million tonnes of coffee for US$2.81 billion, down 20% in volume but up nearly 5% in value due to high export prices.
With the price hike, experts anticipated that Vietnam will probably export about 1.718 million tonnes worth US$4.2 billion this year, a record high level so far.
At present, Vietnamese coffee products have made a presence in 37 major foreign markets, including 27 markets with turnover reaching over US$10 million each and eight markets with revenue hitting more than US$100 million each.
To meet the export turnover target of US$6 billion by 2030, insiders emphasised the need to restructure the coffee industry effectively, build specialised growing areas, apply advanced technologies, and accelerate linkages between raw material areas and processing facilities in a bid to create a stable source of supply.
In addition, local firms are advised to focus on developing their own coffee brands by surveying the market's demand and devising proper marketing strategies along with improving product quality.
Following are domestic Robusta coffee prices on August 29, in Vietnam's Central Highlands:


T.Huong
Source: Vitic/Kinhtedothi