AsemconnectVietnam - According to Kinhtedothi, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, increased by 3,600-4,100 VND to 118,000– 119,000 VND per kg on Monday compared to Yesterday.

Gia Nghia of Dak Nong provided the maximum price of VND119,000/kg, while traders in Lam Dong province offered the lowest price of VND118,000/kg. Robusta coffee rose to VND118,000 per kg in Bao Loc, Di Linh, Lam Ha; to VND118,900-119,000 per kg in Dak Lak; to VND118,900-119,000per kg in Dak Nong; to VND118,800 per kg in Kon Tum, and at VND118,800-118,900 per kg in Gia Lai.
According to the Vietnam Industry and Trade Information Center (VITIC), the supply from the new harvest in Vietnam has not yet been brought into the market. Vietnam's export figures for the first half of November 2024 have decreased, helping to increase export coffee prices.
In the first half of November, Vietnam's coffee exports reached only 20,933 tonnes, down 44.8% year-on-year, earning 121.8 million USD, up 1.8% in value over the same period.
Accumulated from the beginning of the year to November 15, 2024, Vietnam exported 1.17 million tonnes of coffee with a turnover of 4.7 billion USD, down 13.5% in volume but up 38.1% in value over the same period last year.
Vietnam exported 50,000 tonnes of coffee, valued at $292.7 million in October, bringing the total coffee export volume to nearly 1.2 million tons, and value to $4.6 billion in the first 10 months of this year, surpassing the $4.18 billion figure recorded in 2023.
According to the Ministry of Agriculture and Rural Development, despite a 10.8% decrease in coffee export volume during the first 10 months of 2024 compared to the same period in 2023, the value surged by 40.1% year-on-year.
The significant increase in coffee export revenue is attributed to record-high coffee export prices. The average export price of coffee in the ten-month period was estimated at $3,981 per tonne, a 57% rise compared to the same period in 2023.
Germany, Italy, and Spain were Vietnam's top three coffee importers in the past 10 months, with market shares of 11.2%, 8.2%, and 7.9%, respectively. Coffee exports witnessed growth in all markets within the top 15 export destinations, with the Philippines and Malaysia experiencing the most substantial increases at 2.2 times, while Belgium saw the lowest growth at 5.2%.
Mr. Nguyen Nam Hai, Chairman of the Vietnam Coffee - Cocoa Association (VICOFA), stated that "Beyond the records in price and export revenue, Vietnamese coffee has increasingly demonstrated its vital role in meeting global market demand. This not only brings economic benefits to coffee growers but also reinforces the position of Vietnamese coffee in the international market."
As per the VICOFA, in the 2023-2024 coffee crop (from October 2023 to October 2024), Vietnam exported 1.46 million tonnes of coffee, marking a 12.1% decline compared to the previous crop. Despite the decrease in export volume, revenue surged by 33.1%, reaching $5.43 billion. This is the highest export revenue recorded for a single coffee crop.
Following are domestic Robusta coffee prices on November 25, in Vietnam's Central Highlands:

T.Huong
Source: Vitic