Gia Nghia of Dak Nong provided the maximum price of VND58,500/kg, while traders in Lam Dong province offered the lowest price of VND57,700. Robusta coffee stayed at VND57,700 in Bao Loc, Di Linh, and Lam Ha;  at  VND58,400  – VND58,500  per kg in Dak Lak; at VND58,200 – VND58,300  in Dak Nong; at  VND58,200 per kg in Kon Tum, and at VND58,100 – VND58,200  per kg in Gia Lai.

In the first 10 months of this year, Vietnam shipped 52,174 tonnes of coffee to Algeria, earning 116 million USD, up 52% in volume and 67% in value year-on-year. This year’s export turnover is estimated at 125 million USD, marking a 47% increase from 2022.

There is ample room for Vietnamese coffee in the Algerian market because importers and consumers in the African country favour the coffee's quality and taste, said Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan.

 

Nhuan said Algeria is now among the top 10 importers of Vietnam's raw coffee. Vietnamese coffee accounts for 30-50% of Algeria's total coffee import. For several years, coffee has also been Vietnam's biggest export item to Algeria, making up over 60% of Vietnam's total export revenue from this market.

 

According to the trade counsellor, Vietnamese raw coffee also has potential to expand its market share in other African countries, especially those in North Africa such as Egypt, Libya, Morocco and Tunisia, which want to import raw coffee and green coffee beans for roasting and processing to meet the taste of local consumers, increase added value while generating more jobs to local population.

 

 

T. Huong

Source: Vitic/Kinhtedothi