Friday, September 27,2024 - 5:42 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices remained unchanged on September 19, 2024 

 Thursday, September 19,2024

AsemconnectVietnam - On Thursday, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, remained unchanged at 123,300–123,800 VND per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND123,800/kg, while traders in Lam Dong province offered the lowest price of VND123,300/kg. Robusta coffee stayed at 123,300 VND per kg in Bao Loc, Di Linh, Lam Ha; at 123,400-123,500 VND per kg in Dak Lak; at 123,400-123,500 VND per kg in Dak Nong; at 123,400 VND per kg in Kon Tum, and at 123,300-123,400 VND per kg in Gia Lai.
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.
The Mercantile Exchange of Vietnam (MVX) expects a 10-16% fall in output because of the extreme heat that hit the Central Highlands coffee region between March and early May, according to deputy head Nguyen Ngoc Quynh.
However, a return of rains in recent weeks has improved the outlook, boosting confidence among farmers and officials. But it remains unclear whether the improved weather will help boost output and drive down prices of robusta beans, the variety most commonly found in espressos and instant coffees, of which Vietnam is the world's top producer.
Coffee cherries are smaller than in previous years, but she expects the overall output to be unaffected. It also helped that she timely intervened with biopesticides against bugs that were more numerous than usual because of the extreme weather.
That is in line with the forecast from the United States Department of Agriculture (USDA) which estimates Vietnam's next harvest would be roughly steady versus the current season's output - far less pessimistic than domestic projections.
Following are domestic Robusta coffee prices on September 19, in Vietnam's Central Highlands:

T.Huong
Source:
 Vitic

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