AsemconnectVietnam - On Friday, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, remained unchanged at 119,400–120,500 VND per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND120,500/kg, while traders in Lam Dong province offered the lowest price of VND119,400/kg. Robusta coffee stayed at 119,400VND per kg in Bao Loc, Di Linh, Lam Ha; at 120,100-120,200 VND per kg in Dak Lak; at 120,400-120,500 VND per kg in Dak Nong; at 120,200VND per kg in Kon Tum, and at 120,100-120,200VND per kg in Gia Lai.
According to the Ministry of Agriculture and Rural Development, in the first 8 months of 2024, Vietnam exported 1.05 million tonnes of coffee with a turnover of 4.03 billion USD, down 11.9% in volume but up 36.1% in value. Coffee export price reached 3,805 USD/tonne, soaring 54.5% over the same period. Experts said that Vietnam's coffee export price has increased to a record high in recent times because of the scarcity of supply in the world. Currently, major markets such as Europe, the US, Japan, Israel, China... are increasing their purchases of this agricultural product, causing import prices to these markets to increase by about 30% compared to 2023. According to the General Department of Customs, in the first 7 months of 2024, Vietnam's coffee exports to the EU reached 385 thousand tonnes, valued at 1,387.4 million USD, down 11% in volume but up 38% in value over the same period in 2023.
The proportion of Vietnam's coffee exports to the EU accounted for 38% of the country's total export turnover of this product in the first 7 months of 2024. In July 2024 alone, Vietnam's coffee exports to the EU reached about 28,000 tonnes, valued at 137 million USD; increased by 14% in volume and 27% in value compared to the previous month and it decreased by 33.45% in volume but increased by 23% in value over the same period last year. Vietnam's coffee exports to the EU decreased in volume due to low reserves and insufficient supply.
Vietnam's average coffee export price to the EU in July 2024 reached 4,958 USD/tonne, up 12% compared to June 2024 and up 84,5% compared to July 2023. In the first 7 months of the year, the average export price reached 3,586 USD/tonne, up 55.6% over the same period in 2023.
Vietnam's coffee exports to the EU decreased in volume due to low reserves and insufficient supply. The first is due to the impact of climate change, causing drought to occur in many places, especially in the Central Highlands, a key coffee-growing region of Vietnam. Increased rainfall in August is very beneficial for crops, it is expected that the rainy season will continue through October before the new harvest begins around October and November every year.
Following are domestic Robusta coffee prices on September 06, in Vietnam's Central Highlands: