DAILY: Vietnamese coffee prices remained unchanged on April 10, 2024
Wednesday, April 10,2024AsemconnectVietnam - On Wednesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND104,000 – VND104,500 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND104,500/kg, while traders in Lam Dong province offered the lowest price of VND104,000/kg. Robusta coffee stayed at VND104,000 per kg in Bao Loc, Di Linh, and Lam Ha; at VND104,300 per kg - VND104,500 per kg in Dak Lak; at VND104,400 - VND104,500 in Dak Nong; at VND103,200 per kg in Kon Tum, and at VND103,200- VND103,300 per kg in Gia Lai.
Experts gathered in the Central Highlands province of Gia Lai on April 9 to seek measures to help local coffee businesses adapt to the EU Deforestation Regulations (EUDR) and promote exports to the EU market in particular and the world in general.
Under the EUDR, the European Commission (EC) will ban the import of agricultural products whose production process originates on land that resulted from deforestation after December 31, 2020, including livestock farming, cocoa, coffee, rubber, and wood products.
The deadline to implement the EUDR for large-scale firms is December 2024, and for small and medium-sized enterprises is June 2025.
According to experts, the application of EUDR will pose many challenges to small and medium-sized enterprises in Gia Lai where export value from coffee accounted for nearly 71% of the total export revenue in 2023.
Currently, Gia Lai has about 37,538 hectares of coffee meeting VietGAP, 4C, Rainforest Alliance, and Organic standards. Local coffee products are sold in many demanding markets such as the US, the EU, and Japan.
According to the Vice Director of the provincial Department of Agriculture and Rural Development Doan Ngoc Co said that Gia Lai’s agricultural products will face many challenges in satisfying EUDR standards, especially in proving that the “relevant goods” or “relevant products” do not cause deforestation according to EUDR requirements.
When "relevant goods" or "relevant products" cannot be imported into the EU market, agricultural products of Vietnam in general and Gia Lai province, in particular, are likely to have their prices squeezed when they are exported to other markets with fewer compliance requirements, he explained.
According to the official, the majority of residents in Gia Lai reside in far-flung areas and live in the forests with nomadic farming habits, which makes it difficult for the province in management activities and poses difficulties for the local coffee industry.
Following are domestic Robusta coffee prices on April 10, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs. April 9 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
104,000 |
- |
— Di Linh ROBUSTA |
104,000 |
- |
— Lam Ha ROBUSTA |
104,000 |
- |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
104,500 |
- |
— Ea H'leo ROBUSTA |
104,300 |
- |
— Buon Ho ROBUSTA |
104,300 |
- |
GIA LAI |
|
|
— Chư Prong ROBUSTA |
103,300 |
- |
— Pleiku ROBUSTA |
103,200 |
- |
— La Grai ROBUSTA |
103,200 |
- |
ĐAK NONG |
|
|
— Gia Nghia ROBUSTA |
104,500 |
- |
— Đak R'lap ROBUSTA |
104,400 |
- |
KON TUM |
|
- |
— Đak Ha ROBUSTA |
103,200 |
- |
Source: Vitic/Kinhtedothi
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