DAILY: Vietnamese coffee prices increased by 100 VND on August, 1 2024
Thursday, August 1,2024![](/weblocalfiles/huong/thang8nam2024/182024164150untitled_1_1200x676_4.jpg)
AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 100 VND to 123,000–123,600 VND per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND123,600/kg, while traders in Lam Dong province offered the lowest price of VND123,000. Robusta coffee rose to 123,000VND per kg in Bao Loc, Di Linh, Lam Ha; to 123,400-123,500VND per kg in Dak Lak; to 123,500-123,600VND per kg in Dak Nong; to 123,300VND per kg in Kon Tum, and to 123,400-123,500VND per kg in Gia Lai.
According to the General Department of Vietnam Customs the six-month rise in coffee export value also sets a new record compared to previous years’ figures.
In early June, the price of Robusta coffee in the domestic market surged compared to the end of May. The Ministry of Agriculture and Rural Development said currently, there is insignificant amount of coffee inventory remaining in the domestic market.
Coffee output is forecast to decline by approximately 20% in the upcoming crop year, due to prolonged hot weather causing severe drought in the Central Highlands – the capital of Vietnamese coffee.
The Vietnam Coffee Cocoa Association notes a sharp rise in coffee prices, anticipating a potential decrease in exports but projecting overall turnover growth.
Following are domestic Robusta coffee prices on August 1, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs. July 31 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
123,000 |
- |
— Di Linh ROBUSTA |
123,000 |
- |
— Lam Ha ROBUSTA |
123,000 |
- |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
123,500 |
+100 |
— Ea H'leo ROBUSTA |
123,400 |
+100 |
— Buon Ho ROBUSTA |
123,400 |
+100 |
GIA LAI |
|
|
— Chư Prong ROBUSTA |
123,500 |
+100 |
— Pleiku ROBUSTA |
123,400 |
+100 |
— La Grai ROBUSTA |
123,400 |
+100 |
ĐAK NONG |
|
|
— Gia Nghia ROBUSTA |
123,600 |
- |
— Đak R'lap ROBUSTA |
123,500 |
- |
KON TUM |
|
|
— Đak Ha ROBUSTA |
123,300 |
- |
Source: Vitic
Vietnam's economic indexes in 7 months of 2024
Vietnam cashew market update end of July 2024
Vietnam rice market update end of July 2024
Vietnam Durian market update end of July 2024
Vietnam steel market update end of July 2024
E-commerce sales expected to hit 30 billion USD by year end
Seven-month retail sales of consumer goods, services up 8.7%
DAILY: Vietnamese pepper prices remained unchanged on July 30, 2024
DAILY: Vietnamese coffee prices decreased by 400 VND on July, 30 2024
FDI inflow increases 10.9% to $18 billion in January – July
Vietnam - New Zealand trade exchange in first 6 months of 2024
DAILY: Vietnamese pepper prices remained unchanged on July 29, 2024
DAILY: Vietnamese coffee prices remained unchanged on July, 29 2024
Vietnam steps up efforts to increase localisation rate in industrial production