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DAILY: Vietnamese coffee prices rose by 1,100 VND on July,5 2024 

 Friday, July 5,2024

AsemconnectVietnam - On Friday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area rose by 1,100 VND to 121,100–122,300 VND per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND122,300/kg, while traders in Lam Dong province offered the lowest price of VND121,100. Robusta coffee increased to121,100VND per kg in Bao Loc, Di Linh, Lam Ha; to 122,000-122,100VND per kg in Dak Lak; to 122,200-122,300VND per kg in Dak Nong; to 121,900VND per kg in Kon Tum, and to 121,900-122,000VND per kg in Gia Lai.
According to the General Statistics Office, in June 2024, Vietnam only exported 85,000 tonnes of coffee, equal to 60% of coffee exports in the same period in 2023.
Responding to the press, Mr. Nguyen Nam Hai - Chairman of the Vietnam Coffee Association said that in the first 6 months of the year, Vietnam exported about 900,000 tonnes of coffee, valued at 3.2 billion USD. Compared to the same period in 2023, export output will decrease by 8-9% but turnover will increase by more than 40%.
According to Mr. Nguyen Nam Hai, the cause of the above situation is due to low supply in both Vietnam and other countries. Vietnam's coffee supply is in short supply, while speculators have begun to hoard goods, so coffee prices are expected to continue to rise.
Following are domestic Robusta coffee prices on July 5, in Vietnam's Central Highlands:

District/City

Purchase price

(VND/kg)

Vs. July 4

LAM DONG

 

 

— Bao Loc ROBUSTA

121,100

   +1100

— Di Linh  ROBUSTA

121,100

+1100

— Lam Ha  ROBUSTA

121,100

+1100

DAK LAK

 

 

— Cư M'gar  ROBUSTA

122,100

   +1100

— Ea H'leo  ROBUSTA

122,000

+1100

— Buon Ho  ROBUSTA

122,000

+1100

GIA LAI

 

 

— Chư Prong  ROBUSTA

122,000

   +1100

— Pleiku  ROBUSTA

121,900

+1100

— La Grai  ROBUSTA

121,900

+1100

ĐAK NONG

 

 

— Gia Nghia  ROBUSTA

122,300

+1100

— Đak R'lap  ROBUSTA

122,200

+1100

KON TUM

 

 

— Đak Ha  ROBUSTA

121,900

+1100


T.Huong

Source: Vitic

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