DAILY: Vietnamese coffee prices remained unchanged on September 23, 2024
Monday, September 23,2024AsemconnectVietnam - On Monday, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, remained unchanged at 119,500–120,000 VND per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND120,000/kg, while traders in Lam Dong province offered the lowest price of VND119,500/kg. Robusta coffee stayed at 119,500VND per kg in Bao Loc, Di Linh, Lam Ha; at 119,900-120,000 VND per kg in Dak Lak; at 120,000 VND per kg in Dak Nong; at 120,000VND per kg in Kon Tum, and at 119,900- 120,000VND per kg in Gia Lai.
Vietnamese coffee farmers are moving away from traditional coffee cultivation, opting instead for durian due to the fruit's rising demand in China and its higher profit margins. As the leading global producer of Robusta coffee, Vietnam is witnessing a decline in coffee exports as durian farming becomes more prevalent. Vietnam’s Coffee Production Hit by Weather Extremes
A drought followed by heavy rain has affected the coffee belt in Vietnam, leading to a 10% to 15% decrease in this season’s harvest.The extreme weather conditions have caused coffee trees to produce fewer and smaller beans, impacting the overall yield.More than 95% of Vietnam’s coffee output next season will be robusta, contributing to a surge in prices.The growing popularity of instant coffee drinks has further fueled the rise in robusta prices.Volcafe predicts a global robusta deficit in the upcoming season, marking the fourth consecutive year of shortages.
Indonesia, another key robusta producer, is expected to see an increase in coffee output in 2024. However, rising domestic demand may limit the amount available for export, potentially impacting global markets. Acreage dedicated to coffee cultivation in Vietnam has been decreasing as farmers switch to alternative crops. Reduced groundwater and shade pose long-term challenges for coffee production in the country. The USDA forecasts a decline in Vietnamese robusta production in the upcoming season, reflecting a longer-term trend of decreasing output.
Robusta coffee is likely to gain market share due to its tolerance to heat and disease compared to arabica. However, both varieties face significant climate risks, which could lead to elevated prices for consumers worldwide. The delayed Vietnamese coffee shipments due to weather conditions may further impact market dynamics and prices. Despite expectations of easing prices, consumers may still experience higher coffee prices in the near future.The ongoing challenges in Vietnam’s coffee industry and global market dynamics suggest a need for consumers to prepare for potential price fluctuations.
In conclusion, the current situation in Vietnam’s coffee industry, coupled with global market trends, highlights the interconnected nature of the coffee market and its impact on consumers worldwide. Stay informed and aware of these developments to make informed decisions about your coffee consumption and budget.
Following are domestic Robusta coffee prices on September 23, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs. September 22 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
119,500 |
- |
— Di Linh ROBUSTA |
119,500 |
- |
— Lam Ha ROBUSTA |
119,500 |
- |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
120,000 |
- |
— Ea H'leo ROBUSTA |
119,900 |
- |
— Buon Ho ROBUSTA |
119,900 |
- |
GIA LAI |
|
|
— Chư Prong ROBUSTA |
120,000 |
- |
— Pleiku ROBUSTA |
119,900 |
- |
— La Grai ROBUSTA |
119,900 |
- |
ĐAK NONG |
|
|
— Gia Nghia ROBUSTA |
120,000 |
- |
— Đak R'lap ROBUSTA |
120,000 |
- |
KON TUM |
|
|
— Đak Ha ROBUSTA |
120,000 |
- |
T.Huong
Source: Vitic
Tasks and solutions for industrial development in 2025
Agricultural, forestry and fishery exports reached 40.08 billion USD in 8 months
Forecast on Vietnam’s frozen durian exports to China in 2024
Industrial production continued to grow in 8 months of 2024
DAILY: Vietnamese coffee prices fell by 800 VND on September 20, 2024
In the first 8 months of 2024, Vietnam's rubber export earned more than 1.7 billion USD
Vietnam’s trade surplus reached 19.07 billion USD in 8 months
DAILY: Vietnamese coffee prices remained unchanged on September 19, 2024
Import-export exceeds 512 billion USD, trade surplus is nearly 19 billion USD
List of Vietnamese goods exported to Lao market
Exports to Japan reached over 16 billion USD in first 8 months of 2024
Agricultural, forestry and fishery exports to US increased by nearly 31%
DAILY: Vietnamese pepper prices decreased by 4000-5000 VND on September 19, 2024
DAILY: Vietnamese coffee prices rose by 200 -400 VND on September 18, 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Hanoi lotus-scented tea making craft listed among national ...
The Ministry of Culture, Sports, and Tourism has issued a decision recognising the traditional craft of making lotus-scented tea in Quang ...Vietnam festival helps tighten friendship with Japan
Vietnam to play friendly matches with Thailand and Russia ...