DAILY: Vietnamese coffee prices increased by 100 VND on October 3
Tuesday, October 3,2023AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 100 VND to VND66,000 – VND66,800 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND66,800/kg, while traders in Lam Dong province offered the lowest price of VND66,000 /kg. Robusta coffee rose to VND66,000 in Bao Loc, Di Linh, and Lam Ha; to VND66,500 – VND66,600 per kg in Dak Lak; to VND66,700 - VND66,800 in Dak Nong; to VND66,400 per kg in Kon Tum, and to VND66,300 - VND66,400 per kg in Gia Lai.
The General Statistics Office of Vietnam estimates that coffee exports in September will reach 90 thousand tonnes, approximately 1.5 million bags, up 6.32% over the previous month but down 6.81% over the same period last year. In the first 9 months of the year, Vietnam's coffee exports reached 1,207 million tonnes (about 20.12 million bags), down 11.65% over the same period last year. The above data shows that supply is facing difficulties in the world's second largest coffee producing country, thereby supporting price increases.
Following are domestic Robusta coffee prices on October 3, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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