Friday, October 11,2024 - 16:35 GMT+7  Việt Nam EngLish 

DAILY: Vietnamese coffee prices remained unchanged on June,28 2024 

 Friday, June 28,2024

AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area remained unchanged at 119,000–120,400VND per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND120,400/kg, while traders in Lam Dong province offered the lowest price of VND119,000. Robusta coffee stayed at 119,000VND per kg in Bao Loc, Di Linh, and Lam Ha; at 120,2000-120,300VND per kg in Dak Lak; at 120,300-120,400VND per kg in Dak Nong; at 120,200VND per kg in Kon Tum, and at 120,100-120,200VND per kg in Gia Lai.
Drought, heat waves and a pest that thrives in hot and dry conditions have stunted the growth of Vietnam's coffee trees, a leading expert said Wednesday, shrinking supply of the beans used in instant coffee. The Southeast Asian country is the world's leading supplier of robusta, a bean used in Nescafe and other instant brands.
The 2024-25 crop of coffee beans, for which harvesting starts in October, is likely to be 15-20% lower than normal, Nguyen Nam Hai, the chairman of Vietnam's Coffee and Cocoa Association (Vicofa), told AFP.
In Gia Lai, a mountainous province in the Central Highlands, the heart of Vietnam's coffee-growing region, high temperatures and low rainfall have also allowed the pest cochinilla to thrive.
Vietnam produces roughly 1.8 million tonnes of coffee per year on average. The majority is exported, with half going to Europe.
U.S. market research firm StoneX has predicted that this year's coffee output in Vietnam might only reach 1.4 million tonnes, the lowest in four years.
Central and southern Vietnam experienced weeks of record temperatures and no rain in March and April.
There has been some rainfall in recent weeks but Hai said it was "not enough."
Climate change presents a serious concern for the multi-billion-dollar coffee industry, with scientists predicting lower yields and fewer areas suitable for growing.
Robusta was thought to better cope with higher temperatures compared to its competitor, arabica.
But the world may face robusta shortages of up to 35 million bags by 2040, according to World Coffee Research, due to rising consumption trends and the impact of the climate crisis.
Researchers say the land suitable for growing arabica will halve by 2050.
Global coffee prices have climbed rapidly this year, which means Vietnamese farmers can earn a little more per kilo in the short term.
According to data from the General Department of Customs (GSO), Vietnam’s coffee exports reached 862,400 tonnes by the first half of June month, declining by more than 8% in volume but up 38% in value compared to the same period last year. This is also considered to be record high compared to the same period in previous years.
Following are domestic Robusta coffee prices on June 28, in Vietnam's Central Highlands:

Source: Vitic

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