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DAILY: Vietnamese coffee prices decreased by 500 VND on May 3, 2024 

 Friday, May 3,2024

AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 500 VND to VND127,000 – VND127,700 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND127,700/kg, while traders in Lam Dong province offered the lowest price of VND127,000. Robusta coffee decreased to VND127,000 per kg in Bao Loc, Di Linh, and Lam Ha; to VND127,400 per kg - VND127,500 per kg in Dak Lak; to VND127,600 - VND127,700 in Dak Nong; to VND127,400 per kg in Kon Tum, and to VND127,400 - 127,500 per kg in Gia Lai.
The General Statistics Office said that coffee exports in April 2024 reached 170,000 tonnes, valued at more than 644 million USD, down 10% in volume and 4.1% in turnover compared to the previous month; but increase 3.9% in volume and increase sharply 61.5% in turnover compared to the same period in 2023. In the first 4 months of this year, coffee exports reached 755,696 tonnes, valued at more than 2.57 billion USD, an increase of 5.4% in volume and a sharp increase of 57.9% in turnover compared to the same period in 2023.
The average export coffee price in April 2024 increased to 3,791 USD/tonne, up 6.6% over the previous month and up 55.4% over the same period in 2023. Overall in the first 4 months, the average export coffee price reached 3,402 USD/tonne, an increase of 49.7% over the same period in 2023.

Coffee farmers  have sharply increased use of irrigation in the main producing regions of the country amid excessive dryness, but they are now running low on water. So far this season, many farmers have used irrigation as much as seven times already, compared with five times usually in a normal season, and they are seeing the need to irrigate coffee trees for an eighth time if they have water. Vietnam's weather was the latest factor behind record high prices for robusta coffee. The market was already hot due to below-average production for Vietnam and Indonesia in the last crop, and now the climate conditions have not been favorable for the development of the new crop.
Following are domestic Robusta coffee prices on May 3, in Vietnam's Central Highlands:

T.Huong
Source: Vitic/Kinhtedothi

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