DAILY: Vietnamese coffee prices increased by 500 VND on May 10, 2024
Friday, May 10,2024AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 500 VND to VND99,000 – VND100,000 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND100,000/kg, while traders in Lam Dong province offered the lowest price of VND99,000. Robusta coffee increased to VND99,000 per kg in Bao Loc, Di Linh, and Lam Ha; to VND99,900 per kg - VND100,000 per kg in Dak Lak; to VND99,900 - VND100,000 in Dak Nong; to VND99,500 per kg in Kon Tum, and to VND99,400 per kg- VND99,500 in Gia Lai.
Vietnam International Café Show 2024 - a coffee, food, and beverage exhibition, and the first Vietnam International Tea Show opened in Ho Chi Minh City on May 9, attracting more than 500 domestic and international exhibitors.
Organised by Exporum Vietnam Company, the Vietnam Coffee Cocoa Association, Buon Ma Thuot Coffee Association, and domestic and foreign trade promotion agencies, the events gathered leading companies in the food and beverage manufacturing and processing industry. It features equipment, machinery, and technology for the restaurant and hotel management industry.
Also at the exhibitions, there will be the Vietnam National Barista Championship and Vietnam National Brewer Championship, which are the only two competitions in Vietnam certified by World Coffee Events. Another competition - Asia Latte Art Battle – will be opened for the world's leading baristas, especially in the field of Latte Art - the art of drawing on the cream coffee surface with milk foam and topping.
The exhibition series is also expected to provide opportunities for domestic and international managers and experts to meet and share solutions and practical management tools in the production, processing, and distribution of coffee, tea, food, and drinks.
Director General of Exporum Vietnam Company Hyun Dae Shin said that the annual Vietnam International Café Show is part of the series of Cafe Show exhibitions in Seoul, Shanghai, Paris and Vietnam, featuring prestigious brands such as Maulin (Great Eastern), Dalatmilk, Vinamilk, Tan Nhat Huong, Barista Buddy, Trum Nguyen Lieu, Long Beach and Osterberg.
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.
Following are domestic Robusta coffee prices on May 10, in Vietnam's Central Highlands:
T.Huong
Source: Vitic/Kinhtedothi
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