DAILY: Vietnamese coffee prices rose by 600 VND on December 6
Wednesday, December 6,2023AsemconnectVietnam - On Wednesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 600 VND to VND59,100 – VND60,100 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND60,100/kg, while traders in Lam Dong province offered the lowest price of VND59,100. Robusta coffee increased to VND59,100 in Bao Loc, Di Linh, and Lam Ha; to VND60,000 – VND60,100 per kg in Dak Lak;to VND60,000 – VND60,100 in Dak Nong; to VND59,900 per kg in Kon Tum, and to VND59,800 – VND59,900 per kg in Gia Lai.
According to the Ministry of Agriculture and Rural Development, the country shipped 1.36 million tonnes of coffee abroad, earning nearly 3.5 billion USD.
Vietnam entered the new 2023-2024 coffee crop which began in October, when the export price reached a record high, at 3,603 USD per tonne, up 9% month-on-month, and 40% year-on-year.
With over 710,000 hectares, Vietnam ranks sixth in the world in terms of coffee farming area, but has the second biggest output thanks to high yields.
However, out of the total area, only 185,000 hectares have received sustainable production certificates of different kinds.
Experts advised localities to expand such kind of area to meet strict requirement of international markets.
At present, the EU is Vietnam’s biggest coffee importer, followed by the US and Japan. Although coffee exports to China do not account for a high proportion, many Vietnamese businesses are paying much attention to this market which has an average increase of more than 25% per year in imports.
Following are domestic Robusta coffee prices on December 6, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs. December 5 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
59,100 |
+600 |
— Di Linh ROBUSTA |
59,100 |
+600 |
— Lam Ha ROBUSTA |
59,100 |
+600 |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
60,100 |
+600 |
— Ea H'leo ROBUSTA |
60,000 |
+600 |
— Buon Ho ROBUSTA |
60,000 |
+600 |
GIA LAI |
|
|
— Chư Prong ROBUSTA |
59,900 |
+600 |
— Pleiku ROBUSTA |
59,800 |
+600 |
— La Grai ROBUSTA |
59,800 |
+600 |
ĐAK NONG |
|
|
— Gia Nghia ROBUSTA |
60,100 |
+600 |
— Đak R'lap ROBUSTA |
60,000 |
+600 |
KON TUM |
|
|
— Đak Ha ROBUSTA |
59,900 |
+600 |
T.Huong
Source: Vitic/Kinhtedothi
Vietnam to develop initiatives to sustain FDI flows
Import-export exceeded 600 billion USD, trade surplus recorded
Coffee exports hoped to set new record
Vietnamese goods dominate Christmas market
Vietnam, Cambodia launch cross-border QR payment link
Vietnam among 10 biggest construction ceramic producing countries
6 agricultural, forestry and fishery products with export value of over 3 billion USD in 11 months
Total retail sales of goods and consumer service revenue in November increased by 1.4%
Retailers anticipate business to pick up in year-end shopping season
Vietnamese agricultural products introduced at India’s expo
Vietnam’s PMI drops to lowest level in five months: S&P Global
Vietnam’s e-commerce to hit 20.5 billion USD this year: conference
Export-import turnover of agro-forestry-aquatic products down 5.9%
Vietnam's trade surplus at 22.44 billion USD in 11 months
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...