DAILY: Vietnamese coffee prices remained unchanged on November 20
Monday, November 20,2023AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND58,100 – VND58,800 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND58,800/kg, while traders in Lam Dong province offered the lowest price of VND58,100. Robusta coffee stayed at VND58,100 in Bao Loc, Di Linh, and Lam Ha; to VND58,700 – VND58,800 per kg in Dak Lak; to VND58,400 – VND58,500 in Dak Nong; to VND58,500 per kg in Kon Tum, and to VND58,400 – VND58,500 per kg in Gia Lai.
In three districts of Ia Grai, Chu Se and Mang Yang of Gia Lai Province, coffee is grown in an area of 34,000 hectares. According to the Department of Agriculture and Rural Development of these three districts, coffee prices are at the highest level in many years, and productivity is also higher than last year.
For example, in Mang Yang District, productivity is estimated at 4-4.5 tons a ha, or 0.5 tons per ha higher than last year while In Chu Se District, coffee productivity in the area increased from 5 percent to 10 percent.
Mr. Nguyen Van Hop, Head of the Department of Agriculture and Rural Development of Chu Se District, said that this year's coffee crop had good crops and good prices; hence, coffee growers were quite excited. However, the agricultural sector recommends that during the harvest season, people need to pick ripe fruit to avoid spillage in the upcoming time.
In the long term, people should not see high prices but expand the coffee area. Instead, they should necessarily focus on taking care of existing coffee areas in an organic manner to create sustainable value.
Meanwhile, Mr. Le Hoai Duong, Director of the Department of Agriculture and Rural Development of Dak Lak Province, said that Dak Lak is the province with the largest coffee area and output in the country.
Dak Lak Province's coffee area currently has more than 213,000 hectares, with an average annual output of 558,000 tons. In recent years, rising coffee prices have helped increase farmers’ income.
Currently, the agricultural industry is orienting coffee development in a green and sustainable way including the building of a concentrated coffee raw material area particularly, with certification and traceability linked along the value chain. In such ways, it is expected to bring higher economic efficiency to growers, cooperatives and businesses.
Currently, coffee grown in the province is exported to more than 80 markets around the world. The province is also continuing to expand export markets towards a sustainable market, increasing the value of Dak Lak coffee.
Mr. Phan Viet Ha, Deputy Director of the Central Highlands Institute of Agricultural and Forestry Science under the Ministry of Agriculture and Rural Development, assessed that although the weather is not favorable this year, coffee output in the Central Highlands has not decreased whereas farmers in some districts have good harvests and yields are higher than prior years.
However, he stressed that farmers need to focus on producing high-quality coffee and increasing the value of coffee.
According to him, growers should take heed of organic production and limit pesticide residues. The agricultural authorities must orient people and businesses to produce and process a variety of coffee segments, focusing on improving product quality and value chain to meet export markets.
Following are domestic Robusta coffee prices on November 20, in Vietnam's Central Highlands:
Source: Vitic/Kinhtedothi
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