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DAILY: Vietnamese coffee prices fell by 500 VND on September 21 

 Thursday, September 21,2023

AsemconnectVietnam - On Thursday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 500 VND to VND66,800 – VND67,400 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND67,600/kg, while traders in Lam Dong province offered the lowest price of VND66,800/kg. Robusta coffee fell to VND66,800 in Bao Loc, Di Linh, and Lam Ha; to VND 67,300 – VND 67,400 per kg in Dak Lak; to VND67,500 - VND68,100 in Dak Nong; to VND67,200 per kg in Kon Tum, and to VND67,100 - VND67,2000 per kg in Gia Lai.
Vietnam’s coffee industry holds promising opportunities for domestic and foreign firms in both manufacturing and retail. Nevertheless, navigating the Vietnamese coffee market can be demanding, especially when competing with hundreds of local and foreign coffee brands already present in the Vietnam market. With this context in mind, we offer essential insights for newcomers entering the market.
Vietnam is the second largest coffee exporter in the world and was ranked first in coffee cultivation yield with 2.4 tons/hectare in the International Coffee Organization’s Annual Review 2021/2022. Those yields were made up of Robusta, Arabica, Cherri, Moka, and Culi beans, which are among the most popular coffee beans farmed in Vietnam.
The following year, coffee production in 2022/23 reached 29.75 million bags, of which Robusta accounted for more than 95 percent. Vietnam contributes more than half of the global Robusta supply.
The U.S. Department of Agriculture (USDA) also noted that Vietnam’s coffee export output reached 16.97 million bags in the first half of 2023, with Germany, the United States, and Italy receiving the most. It’s understandable as coffee is a key industrial crop and farmed over 710,000 hectares in Vietnam.
Furthermore, the growing demand for specialty coffee and the expansion of many coffee chains is driving Arabica coffee imports into Vietnam. Most of the green coffee imported into Vietnam comes from Indonesia, Brazil, Peru, and Germany, while processed coffee products are imported from Brazil, Thailand, Indonesia, Australia, and Belgium.
Following are domestic Robusta coffee prices on September 21, in Vietnam's Central Highlands:

T.Huong
Source:
 Vitic/Kinhtedothi

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