DAILY: Vietnamese coffee prices remained unchanged on September 19, 2024
Thursday, September 19,2024AsemconnectVietnam - On Thursday, robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area, remained unchanged at 123,300–123,800 VND per kg compared to Yesterday, according to Kinhtedothi.
Gia Nghia of Dak Nong provided the maximum price of VND123,800/kg, while traders in Lam Dong province offered the lowest price of VND123,300/kg. Robusta coffee stayed at 123,300 VND per kg in Bao Loc, Di Linh, Lam Ha; at 123,400-123,500 VND per kg in Dak Lak; at 123,400-123,500 VND per kg in Dak Nong; at 123,400 VND per kg in Kon Tum, and at 123,300-123,400 VND per kg in Gia Lai.
Vietnamese coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns of pricier espressos across the world, even as some farmers keep yields healthy with clever countermeasures.
Domestic forecasts for next season's harvest in Vietnam, the world's second biggest coffee producer, remain grim.
The Mercantile Exchange of Vietnam (MVX) expects a 10-16% fall in output because of the extreme heat that hit the Central Highlands coffee region between March and early May, according to deputy head Nguyen Ngoc Quynh.
However, a return of rains in recent weeks has improved the outlook, boosting confidence among farmers and officials. But it remains unclear whether the improved weather will help boost output and drive down prices of robusta beans, the variety most commonly found in espressos and instant coffees, of which Vietnam is the world's top producer.
Coffee cherries are smaller than in previous years, but she expects the overall output to be unaffected. It also helped that she timely intervened with biopesticides against bugs that were more numerous than usual because of the extreme weather.
That is in line with the forecast from the United States Department of Agriculture (USDA) which estimates Vietnam's next harvest would be roughly steady versus the current season's output - far less pessimistic than domestic projections.
Following are domestic Robusta coffee prices on September 19, in Vietnam's Central Highlands:
T.Huong
Source: Vitic
List of Vietnamese goods exported to Lao market
Exports to Japan reached over 16 billion USD in first 8 months of 2024
Agricultural, forestry and fishery exports to US increased by nearly 31%
DAILY: Vietnamese coffee prices rose by 200 -400 VND on September 18, 2024
Vietnam spent nearly 100 billion USD importing goods from China in 8 months
Many good signals for businesses to accelerate seafood exports
Wheat imports to Vietnam increased sharply by 18.3%
Star anise exports to Taiwan (China) increased sharply by 169%
DAILY: Vietnamese pepper prices decreased by 1000 VND on September 17, 2024
DAILY: Vietnamese coffee prices fell by 500 VND on September 17, 2024
Vietnam’s trade surplus reached 19.07 billion USD in 8 months
Retail sales of goods and consumer service revenue estimated at VND526.6 trillion in August
Vietnam develops border gates into key economic zones
Vietnam's largest commodity export markets after 8 months of 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Hanoi lotus-scented tea making craft listed among national ...
The Ministry of Culture, Sports, and Tourism has issued a decision recognising the traditional craft of making lotus-scented tea in Quang ...Vietnam festival helps tighten friendship with Japan
Vietnam to play friendly matches with Thailand and Russia ...