Tuesday, July 16,2024 - 10:50 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices remained unchanged on May 27, 2024 

 Monday, May 27,2024

AsemconnectVietnam - On Monday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at VND114,500 – VND116,000 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND116,000/kg, while traders in Lam Dong province offered the lowest price of VND114,500. Robusta coffee stayed at VND114,500  per kg in Bao Loc, Di Linh, and Lam Ha; at VND 115,500 per kg in Dak Lak; at  VND115,900- VND116,000  in Dak Nong; at VND115,400 per kg in Kon Tum, and VND115,400 per kg- VND115,500  in Gia Lai.
Vietnam's agriculture department projected that Vietnam's coffee production in the 2023/24 crop year would drop by 20% to 1.472 million tonnes, the smallest crop in four years, due to drought. Also, the Vietnam Coffee Association said that Vietnam's 2023/24 coffee exports would drop by 20% year on year to 1.336 million tonnes. Vietnam's General Department of Customs reported last Friday that Vietnam's April coffee exports fell by 19.5% month on month and by 7% year on year to 152,073 tonnes. Vietnam's  coffee exports in the remaining months of the second quarter of 2024 are forecasted to increase due to rising global demand.
The coffee consumption market in Europe is currently fluctuating due to the imbalance of supply and demand from Vietnam after Robusta coffee production fell below the average level in the 2022/2023 coffee crop year, estimated at 28.5 million bags in the 2023/2024 crop year.
Following are domestic Robusta coffee  prices on May 27, in Vietnam's Central Highlands:

District/City

Purchase price

(VND/kg)

Vs. May 26

LAM DONG

 

 

— Bao Loc ROBUSTA

114,500

      -

— Di Linh  ROBUSTA

114,500

-

— Lam Ha  ROBUSTA

114,500

-

DAK LAK

 

 

— Cư M'gar  ROBUSTA

115,500

      -

— Ea H'leo  ROBUSTA

115,500

-

— Buon Ho  ROBUSTA

115,500

-

GIA LAI

 

 

— Chư Prong  ROBUSTA

115,500

      -

— Pleiku  ROBUSTA

115,400

-

— La Grai  ROBUSTA

115,400

-

ĐAK NONG

 

 

— Gia Nghia  ROBUSTA

116,000

-

— Đak R'lap  ROBUSTA

115,900

-

KON TUM

 

 

— Đak Ha  ROBUSTA

115,400

-


T.Huong
Source: Vitic

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