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: