DAILY: Vietnamese coffee prices increased by 2200 VND on April 11, 2024
Thursday, April 11,2024AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 2400 VND to VND104,000 – VND104,500 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND107,100/kg, while traders in Lam Dong province offered the lowest price of VND106,200/kg. Robusta coffee increased to VND107,100 per kg in Bao Loc, Di Linh, and Lam Ha; to VND107,000 per kg - VND106,900 per kg in Dak Lak; to VND107,000 - VND107,100 in Dak Nong; to VND106,600 per kg in Kon Tum, and to VND106,500 - VND106,600 per kg in Gia Lai.
The Vietnam Coffee-Cocoa Association (VICOFA) informed that domestic coffee prices would continue to maintain an upward trend under the impacts of the consistent fluctuations in global coffee prices. However, it is difficult to predict exactly the future peak.
Domestically, the significant rise in coffee bean prices is impacting many coffee processing and exporting enterprises, especially those that have signed long-term contracts with partners when coffee prices were low.
The domestic coffee bean prices have consistently risen due to a prolonged shortage tension of coffee supply sources for manufacturing factories from June 2023 until the 2024 production season.
Apart from the factor of coffee supply source shortage, prolonged heatwaves and drought in the Southeastern and Central Highlands regions led to significant output decrease of about 20 percent in this crop season.
The Ministry of Agriculture and Rural Development said that coffee export activities will be still ensured.
Following are domestic Robusta coffee prices on April 11, in Vietnam's Central Highlands:
District/City
|
Purchase price
(VND/kg)
|
Vs. April 10
|
LAM DONG
|
|
|
— Bao Loc ROBUSTA
|
106,200
|
2200
|
— Di Linh ROBUSTA
|
106,200
|
2200
|
— Lam Ha ROBUSTA
|
106,200
|
2200
|
DAK LAK
|
|
|
— Cư M'gar ROBUSTA
|
106,900
|
2400
|
— Ea H'leo ROBUSTA
|
107,000
|
2400
|
— Buon Ho ROBUSTA
|
107,000
|
2400
|
GIA LAI
|
|
|
— Chư Prong ROBUSTA
|
106,600
|
2200
|
— Pleiku ROBUSTA
|
106,500
|
2200
|
— La Grai ROBUSTA
|
106,500
|
2200
|
ĐAK NONG
|
|
|
— Gia Nghia ROBUSTA
|
107,100
|
2200
|
— Đak R'lap ROBUSTA
|
107,000
|
2200
|
KON TUM
|
|
|
— Đak Ha ROBUSTA
|
106,600
|
2200
|
T.Huong
Source: Vitic
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