DAILY: Vietnamese coffee prices remained unchanged on May 30
Tuesday, May 30,2023
AsemconnectVietnam - On Tuesday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND60.500 - 61.100 per kg compared to Yesterday, according to Kinhtedothi.com.
Cư M'gar of Dak Lak provided the maximum price of VND61.100/kg, while traders in Lam Dong province offered the lowest price of VND60.500/kg. Robusta coffee stayed at VND60.500 per kg in Bao Loc, Di Linh, and Lam Ha; at VND 61.000 – VND 61.100 per kg in Dak Lak; at VND61.000 – VND61.100 per kg in Dak Nong; at VND60.800 per kg in Kon Tum, and at VND60.700 - VND60.800 per kg in Gia Lai.
The Central Highlands province of Gia Lai – one of Vietnam’s coffee growing centers - is striving to develop its specialty coffee brand by focusing on increasing the quality and value of products.
At present, farmers in Gia Lai are growing coffee on nearly 99,000 ha, with an average yield of over 3 tons per ha, and the total output of more than 267,000 tons. Coffee is currently Gia Lai’s main farm produce export with a turnover of US$490 million in 2022, accounting for nearly 71% of the province's total agro-product export value.
Over the past years, coffee production has contributed to creating direct and indirect jobs for hundreds of thousands of workers. As a result, the living standards of locals, including ethnic minorities, have gradually improved.
According to the province's agricultural restructuring plan for the 2021 - 2025 period, Gia Lai will not expand the coffee growing area, but maintain it at around 98,000 - 100,000 ha.
Le Huu Anh, Director of Lam Anh Agriculture and Services Cooperative in Dak Doa district, said that in the past, Vietnam mainly exported coffee as a raw material, but now it has been processed into a specialty, adding value to the produce while meeting the world’s needs.
However, in order for coffee to stand firm in the international market, it is necessary to be transparent about the raw material area, and focus on protecting farmers with clean and organic cultivation, Anh said, adding that sustainable coffee development will bring bigger benefits to farmers, businesses and the environment.
In recent years, apart from promoting the production of clean coffee as a way to improve the quality and value of exported coffee beans, many businesses in Gia Lai have concentrated on investing in building sustainable processing and production networks and partly developing specialty coffee.
Following are domestic Robusta coffee prices on May 30, in Vietnam's Central Highlands:
District/City |
Purchase price (VND/kg) |
Vs, May 29 |
LAM DONG |
|
|
— Bao Loc ROBUSTA |
60.500 |
- |
— Di Linh ROBUSTA |
60.500 |
- |
— Lam Ha ROBUSTA |
60.500 |
- |
DAK LAK |
|
|
— Cư M'gar ROBUSTA |
61.100 |
- |
— Ea H'leo ROBUSTA |
61.000 |
- |
— Buon Ho ROBUSTA |
61.000 |
- |
GIA LAI |
|
|
— Pleiku ROBUSTA |
60.700 |
- |
— Ia Grai ROBUSTA |
60.700 |
- |
— Chư Prong ROBUSTA |
60.800 |
- |
ĐAK NONG |
|
|
— Đak R'lap ROBUSTA |
61.000 |
- |
— Gia Nghia ROBUSTA |
61.100 |
- |
KON TUM |
|
|
— Đak Ha ROBUSTA |
60.800 |
- |
Source: Vitic/Kinhtedothi
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