AsemconnectVietnam - On Saturday, Robusta coffee prices in Vietnam's Central Highlands, the country's largest coffee-growing area fell by 17,500 VND to VND109,500 – VND110,200 per kg compared to Yesterday, according to Kinhtedothi.

Gia Nghia of Dak Nong provided the maximum price of VND110,200/kg, while traders in Lam Dong province offered the lowest price of VND109,500. Robusta coffee decreased to VND109,500 per kg in Bao Loc, Di Linh, and Lam Ha; to VND109,900 per kg - VND110,000 per kg in Dak Lak; to VND110,100 - VND110,200 in Dak Nong; to VND110,000 per kg in Kon Tum, and to VND109,900 - 110,000 per kg in Gia Lai.
The General Statistics Office said that coffee exports in April 2024 reached 170,000 tonnes, valued at more than 644 million USD, down 10% in volume and 4.1% in turnover compared to the previous month; but increase 3.9% in volume and increase sharply 61.5% in turnover compared to the same period in 2023.
In the first 4 months of this year, coffee exports reached 755,696 tonnes, valued at more than 2.57 billion USD, an increase of 5.4% in volume and a sharp increase of 57.9% in turnover compared to the same period in 2023. The average export coffee price in April 2024 increased to 3,791 USD/tonne, up 6.6% over the previous month and up 55.4% over the same period in 2023. Overall in the first 4 months, the average export coffee price reached 3,402 USD/tonne, an increase of 49.7% over the same period in 2023.
Vietnam’s coffee exports to Singapore skyrocketed by 157% in the first quarter of the year to reach about US$2.01 million.
Vietnam exported five coffee products coded HS0901, HS 09011120, HS 09011130, HS09012120, and HS 09012111 to the demanding market during the first quarter. However, these types of coffee made up a small proportion of only 3.64%, 7.24%, 14.04%, 0.74%, and 0.02%, respectively, in the market.
Singapore's coffee import value remains at a relatively high at between SGD140 million and SGD150 million per year despite its small population size.
Meanwhile, Vietnamese coffee exports to Singapore account for about 2.2% of the total market share, that means there is a wealth of export opportunity out there.
Along with domestic consumption demand, Singapore is also a leading transshipment trade hub in the region which will become a gateway for Vietnam as it strives to accelerate the export of coffee products to third countries.
Currently, the Vietnam Trade Office in Singapore has actively worked alongside local businesses to provide Singaporean importers with timely information regarding coffee products whilst supporting local firms to participate in trade fairs in order to increase the presence of their goods in this market.
Following are domestic Robusta coffee prices on May 4, in Vietnam's Central Highlands:

T.Huong
Source: Vitic/Kinhtedothi