Sunday, July 28,2024 - 13:34 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices remained unchanged on October 30 

 Monday, October 30,2023

AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND58,700 – VND59,500 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND59,500/kg, while traders in Lam Dong province offered the lowest price of VND58,700. Robusta coffee stayed at VND58,700 in Bao Loc, Di Linh, and Lam Ha; at VND59,400– VND59,500 per kg in Dak Lak; at VND59,400 - VND59,500 in Dak Nong; at VND59,400 per kg in Kon Tum, and at VND59,400 - VND59,500 per kg in Gia Lai.
In the 2023 - 2024 crop year, the entire Dak Lak province has nearly 213,000 hectares of coffee, with an average yield estimated at 2.6 tons/ha. Total output is estimated at nearly 558,730 tons. Currently, people in growing areas are harvesting ripe coffee beans.
While Vietnam's coffee industry was on track for another record export year, driven by rising prices due to supply shortages, experts said it's time for the industry to focus on quality to increase added value and export sustainably.
According to the Ministry of Agriculture and Rural Development, Vietnam was expected to earn 4.2 billion USD from exporting 1.7 million tonnes of coffee this year, a new high after setting the record at more than 4 billion USD last year, providing a firm foundation for the export target of 6 billion USD by 2030.
Vietnamese coffee exports could reach a record level this year thanks to domestic and global prices climbing to their highest levels in the past 15 years due to scarce supply, low coffee reserves, and a strong increase in global demand for Robusta.
Statistics from the General Department of Customs showed that Vietnam’s coffee exports reached 1.3 million tonnes worth nearly 3.2 billion USD from January to September, a drop of 7% in volume but an increase of 2% in value over the same period last year.
Following are domestic Robusta coffee prices on October 30, in Vietnam's Central Highlands:


T.Huong
Source:
 Vitic/Kinhtedothi

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