DAILY: Vietnamese coffee prices decreased by 1000 VND on May 13, 2024
Monday, May 13,2024AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 1000 VND to VND99,000 – VND100,000 per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND101,000/kg, while traders in Lam Dong province offered the lowest price of VND100,000. Robusta coffee decreased to VND100,000 per kg in Bao Loc, Di Linh, and Lam Ha; to VND100,900 per kg - VND101,000 per kg in Dak Lak; to VND100,900 - VND101,000 in Dak Nong; to VND100,500 per kg in Kon Tum, and to VND100,400 per kg- VND100,500 in Gia Lai.
Approved by the People's Committee of Quang Tri Province under Decision No. 1928/UB-UBND dated August 28, 2023, the project targets to help coffee farmers convert to agroforestry within 4 years by planting additional shade trees for multiple purposes. The project will increase the average income by 40% for about 2,000 coffee farmers participating in the conversion, equivalent to approximately 2,500 ha. Additionally, the project sets goals to support forest owners in 6 communes of Huong Hoa District located within the biological diversity corridor connecting Bac Huong Hoa and Dakrong Conservation Areas to manage, protect, and develop natural forests, particularly focusing on areas severely affected by climate change and human activities.
Currently, the project prioritizes working with forest owners in 3 communes: Huong Phung, Huong Viet, and Huong Lap of Huong Hoa District. The consultation session aimed to assess the current forest management, protection, and development status of forest owners in these 3 surveyed communes. During the consultation, delegates discussed mapping natural forests managed by forest owners in the surveyed communes related to areas severely affected by climate change and human activities. This will provide information on intervention areas for forest restoration based on data collection and analysis to support the project's intervention planning. 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 13, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs. May 12 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
100,000 |
-1000 |
— Di Linh ROBUSTA |
100,000 |
-1000 |
— Lam Ha ROBUSTA |
100,000 |
-1000 |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
101,000 |
-1000 |
— Ea H'leo ROBUSTA |
100,900 |
-1000 |
— Buon Ho ROBUSTA |
100,900 |
-1000 |
GIA LAI |
|
|
— Chư Prong ROBUSTA |
100,500 |
-1000 |
— Pleiku ROBUSTA |
100,400 |
-1000 |
— La Grai ROBUSTA |
100,400 |
-1000 |
ĐAK NONG |
|
|
— Gia Nghia ROBUSTA |
101,000 |
-1000 |
— Đak R'lap ROBUSTA |
100,900 |
-1000 |
KON TUM |
|
|
— Đak Ha ROBUSTA |
100,500 |
-1000 |
T.Huong
Source: Vitic/Kinhtedothi
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