AsemconnectVietnam - On Wednesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area decreased by 200 VND to VND67,300 – VND68,200 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND68,200/kg, while traders in Lam Dong province offered the lowest price of VND67,300. Robusta coffee decreased to VND67,300 in Bao Loc, Di Linh, and Lam Ha; to VND68,100 – VND68,200 per kg in Dak Lak; to VND67,900 – VND68,000 in Dak Nong; to VND68,000 per kg in Kon Tum, and to VND67,900 – VND68,000 per kg in Gia Lai.
Vietnam shipped 1.61 million tonnes of coffee abroad in 2023, earning 4.18 billion USD, down 9.6% in volume but up 3.1% in value year-on-year. The average coffee export price in 2023 was 2,834 USD per tonne, an increase of 14.1% compared with the previous year.
Vietnam’s coffee industry benefited from a hike in Robusta coffee price. The price of Robusta in the world market hit a 28-year peak at the end of 2023 due to low inventories and sale restrictions.

The price of Robusta coffee is forecast to continue increasing in 2024, even reaching a new peak due to concerns about supply shortages. According to the Vietnam Coffee-Cocoa Association (Vicofa), Vietnam’s coffee production for the 2023-2024 crop will decline to 1.6-1.7 million tonnes, lower than 1.78 million tonnes in 2022-2023.

This year, Vietnam is focusing on solutions to promote the sustainable development of the coffee industry, including ensuring origin traceability and meeting the European Union deforestation regulation (EUDR).

Following are domestic Robusta coffee prices on January 3, in Vietnam's Central Highlands:

T.Huong
Source: Vitic/Kinhtedothi