AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 1000 VND to VND99,000 – VND100,500 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND100,500/kg, while traders in Lam Dong province offered the lowest price of VND99,000. Robusta coffee decreased to VND99,000 per kg in Bao Loc, Di Linh, and Lam Ha; to 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 VND100,400 per kg- VND100,500 in Gia Lai.
Vietnam's coffee exports in the remaining months of the second quarter of 2024 are forecasted to increase due to rising global demand. The average export price of Vietnamese coffee in April 2024 reached $ 3,791/tonne, up 6.6% compared to March 2023 and up 55.4% compared to the same period last year. Overall, in the first four months of 2024, the average export price of Vietnamese coffee is estimated at $3,402/tonne, up 49.7% compared to the same period in 2023. In the global market, it is projected that coffee prices will remain high in the remaining months of the second quarter of 2024.
The European coffee market is currently fluctuating due to the imbalance of supply and demand from Vietnam after Robusta coffee production fell below the average level in the 2022/2023 coffee crop year, estimated at 28.5 million bags in the 2023/2024 crop year.
Additionally, the world relies heavily on high-quality coffee from Brazil annually, so unfavourable weather conditions may cause further fluctuations in the coffee market in the short and medium term.
A report by the Ministry of Agriculture and Rural Development said in the first four months of the year Vietnam exported 756,000 tonnes of coffee worth nearly $2.6 billion, up 5.4% and 58% year-on-year.
Following are domestic Robusta coffee prices on May 14, in Vietnam's Central Highlands: