Vietnamese coffee prices reach historic peaks, a promising trend of a sparkling decade

According to export businesses, importers are flocking to Vietnam to buy coffee. Vietnam is the only source of robusta at the present time. Therefore, high prices will still remain in the near future. If at this time last year, the price of raw coffee beans that farmers were selling was at 42,000 - 43,000 VND/kg, then now (December 16) it has risen to 67,000 VND/kg, an increase of 60%. Some places have even recorded a price of 70,000 VND/kg of raw green coffee. "Never in Vietnam's export history of more than 30 years and during the harvest season itself has coffee prices been so high," said Mr. Nguyen Nam Hai, chairman of the Vietnam Coffee - Cocoa Association (Vicofa). ), said. On consecutive days this week, the price of coffee sold the next day is always higher than the day before, causing coffee farmers to experience rare happy days. Since the beginning of December until now, coffee prices have increased by 7,000 VND/kg. Mr. Pham Hung Vuong (55 years old, village 6, Phu Xuan ...