News

Coffee prices continued to record an all-time high on April 17 at 116,000 VND/kg.

Coffee Drinks
Market & Price Trends
Published Apr 18, 2024

Tridge summary

Domestic coffee prices in Vietnam, particularly in Dak Nong province, have significantly increased to 116,200 VND/kg, reflecting a global trend where both Robusta and Arabica coffee prices are on the rise. This surge is attributed to the hot and dry weather conditions in Southeast Asia, including Vietnam, which have sparked concerns over potential supply shortages. Additionally, geopolitical tensions and impending EU regulations are prompting coffee processors to increase their stockpiles. Lavazza's CEO has pointed out the difficult economic environment for the coffee industry, noting that while revenue is growing, the escalating costs of raw materials are adversely affecting profits.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Enterprise & Business Update domestic coffee prices According to the 8:30 survey, coffee prices continued to increase sharply. Specifically, Dak Nong province is anchored at the highest threshold of 116,200 VND/kg, an increase of 1,600 VND/kg. After increasing 1,500 VND/kg, traders in Gia Lai and Dak Lak provinces traded coffee at prices of 115,900 VND/kg and 116,000 VND/kg, respectively. Currently, the lowest coffee price recorded in Lam Dong province is 115,600 VND/kg, an increase of 1,600 VND/kg. Market Medium Change Dak Lak 116,000 +1,500 Lam Dong 115,600 +1,600 Gia Lai 115,900 +1,500 Dak Nong 116,200 +1,600 USD/VND exchange rate 25,070 +140 Unit: VND/kg; Exchange rate according to Vietcombank Market Medium Change Dak Lak 116,000 +1,500 Lam Dong 115,600 +1,600 Gia Lai 115,900 +1,500 Dak Nong 116,200 +1,600 USD/VND exchange rate 25,070 +140 Update coffee price information According to the latest records, coffee prices on the world market ...
Source: AgroInfo.vn
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