DAILY: Vietnamese coffee prices remained unchanged on February 29, 2024
Thursday, February 29,2024AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND82,200 – VND83,000 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND83,000/kg, while traders in Lam Dong province offered the lowest price of VND81,500/kg. Robusta coffee stayed at VND82,200 per kg in Bao Loc, Di Linh, and Lam Ha; at VND 82,800 per kg - VND82,900 per kg in Dak Lak; at VND82,900 – VND83,000 in Dak Nong; at VND82,700 per kg in Kon Tum, and at VND82,600 – VND82,700 per kg in Gia Lai.
Vietnam exported 398,000 metric tons of coffee in the first two months of 2024, up 16.2% from a year earlier, government data released on Thursday showed.
Coffee export revenue in the same period rose 67.5% to $1.25 billion, the General Statistics Office said in a report.
Germany is Vietnam's traditional coffee export market, accounting for 12,1% of the total volume and 10,8% of the country's total coffee export turnover. According to statistics from the General Department of Customs, Vietnam's coffee exports to Germany in 2023 reached over 196 thousand tonnes, worth 458 million USD, down 12,7% in volume and 3,3% in value compared to 2022.
In 2023, Vietnam's robusta coffee exports to Germany decreased by 11,5% in volume, but increase by 1,6% in value compared to 2022, to 189,2 thousand tonnes, valued at 428 million USD.
Following are domestic Robusta coffee prices on February 29, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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