DAILY: Vietnamese coffee prices increased by 500 VND on March 13, 2024
Wednesday, March 13,2024![](/weblocalfiles/huong/thang3nam2024/132024112143cay_cafe_2.jpg)
AsemconnectVietnam - On Wednesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area increased by 500 VND to VND90,700 – VND91,600 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND91,600/kg, while traders in Lam Dong province offered the lowest price of VND90,700/kg. Robusta coffee rose to VND90,700 per kg in Bao Loc, Di Linh, and Lam Ha; to VND 91,400 per kg - VND91,500 per kg in Dak Lak; to VND91,500 – VND91,600 in Dak Nong; to VND91,300 per kg in Kon Tum, and to VND91,300 – VND91,400 per kg in Gia Lai.
Vietnam exported 398,000 metric tonnes 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.
Coffee export turnover set a record when it surpassed the 1 billion USD mark after only 2 months. This causes a shortage of domestic goods, especially in the context of decreased output last year.
The Ministry of Agriculture and Rural Development has set a target of Vietnam’s total coffee plantation area reaching 640,000 - 660,000 hectares by 2030, with exports expected to account for 80-85% of the country’s total production.
Following are domestic Robusta coffee prices on March 13, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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