AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area increased by 200 VND to VND59,500 – VND62,000 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND62,000/kg, while traders in Lam Dong province offered the lowest price of VND59,500. Robusta coffee increased to VND59,500 in Bao Loc, Di Linh, and Lam Ha; to VND61,000 – VND62,000 per kg in Dak Lak; to VND59,900 – VND60,000 in Dak Nong; to VND60,000 per kg in Kon Tum, and to VND59,900 – VND60,000 per kg in Gia Lai.4
Vietnam’s production of robusta coffee likely shrank this year to the smallest in four years as farmers focused more on growing durians and their attention was drawn away by a local property boom.
Vietnam’s production of robusta coffee likely shrank this year to the smallest in four years as farmers focused more on growing durians and their attention was drawn away by a local property boom.
The harvest fell more than 7% from the previous year to 1.67 million tons, according to the median estimate of exporters and traders in a Bloomberg survey. Crop expectations gradually declined as the harvest progressed.
The global market for robusta beans — the type used in instant drinks — has grown as roasters and consumers seek cheaper options to cope with high inflation. Prices have also been supported by worries about the impact of weather on some key crops. That’s driven futures for the variety up 36% this year in London to the highest level in more than a decade.
“Actual output was lower than people had forecast,” said Phan Hung Anh, chief executive of exporter Quang Minh Coffee Trading in the southern Vietnamese province of Binh Duong. “Growers invested less in their coffee farms because their eyes were fixed on growing durians and other profitable fruit.”
Another coffee shipper, Le Duc Huy, general director of Simexco Daklak, said the smaller harvest was explained by a down year in the crop production cycle, increases in fertilizer costs and a property boom early last year, which pulled some growers away from their farms.
Following are domestic Robusta coffee prices on November 17, in Vietnam's Central Highlands:


T.Huong
Source: Vitic/Kinhtedothi