Vietnam has seen a significant increase in the domestic price of coffee beans, with the cost per kilogram rising by 1,500 VND, reaching between 114,500 to 116,000 VND due to a drought that has decreased the country's coffee production by 20%, the most in four years. This shortfall, coupled with farmers shifting their attention to durian cultivation, has led to a scarcity in supply, thereby driving up prices. As the world's second-largest coffee bean producer and the largest producer of Robusta coffee, Vietnam is experiencing a surge in its domestic Robusta coffee prices. Despite these challenges, the country's coffee exports are expected to reach nearly 799,000 tons in the first quarter of 2024, generating approximately US$1.9 billion, with export prices ranging from US$3,500 to US$4,000 per ton. Experts predict that Vietnam's coffee exports could hit US$5 billion in 2024.