AsemconnectVietnam - According to Kinhtedothi, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, rose to 117,900–118,700 VND per kg on Wednesday compared to Yesterday.

Gia Nghia of Dak Nong provided the maximum price of VND118,700/kg, while traders in Lam Dong province offered the lowest price of VND118,600. Robusta coffee increased to 117,900 VND per kg in Bao Loc, Di Linh, Lam Ha; to 118,600-118,700 VND per kg in Dak Lak; to 118,600-118,700 VND per kg in Dak Nong; to 118,600 VND per kg in Kon Tum, and to 118,700 VND per kg in Gia Lai.
Vietnam exported 964,000 tonnes of coffee in the first 7 months of 2024, worth nearly US$3.54 billion, down 13.8% in volume but up 30.9% in value compared to the same period last year.
The Agency of Foreign Trade under the Ministry of Industry and Trade and the Vietnam Industry and Trade Information Center forecast that Vietnam’s coffee exports in the remaining months of the third quarter would decrease due to low supply.
Supply will not increase until October, when the 2024-25 coffee harvest begins. Statistics from the Ministry of Agriculture and Rural Development show that the country's coffee output is estimated at 1.47 million tonnes in the 2023-24 crop year, the lowest level in four years, down 20% compared to the 2022-23 crop year.
Coffee output in the 2024-25 crop year is forecasted to continue to decrease due to unfavorable weather factors.
Without including the inventory carried over from the previous year, Vietnam will only have about 200,000 tonnes left to export from now until September.
Vietnamese coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns of pricier espressos across the world, even as some farmers keep yields healthy with clever countermeasures.
Domestic forecasts for next season's harvest in Vietnam, the world's second biggest coffee producer, remain grim.
Following are domestic Robusta coffee prices on August 21, in Vietnam's Central Highlands: