Vietnam: The price of 1kg of Robusta coffee sold in Algeria cannot exceed 1,000 Dinars

Published Sep 25, 2024

Tridge summary

The Algerian government has set the ceiling price for coffee consumption at 1,250 Algerian Dinars per kg for Arabica and 1,000 Algerian Dinars per kg for Robusta. The profit margin for importing green coffee beans for resale is 3%, and for products made from imported green coffee beans, it is 4%. Companies are required to compare these prices with the international reference price and submit documents if they import at higher prices. If the documents are accepted, compensation will be granted from the State budget to maintain the ceiling price. Vietnam, which exports most of its coffee to Algeria, has seen coffee exports to this market reach 27 thousand tons, worth 91 million USD in the first 8 months of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Trade Office in Algeria, in Article 2 of Decree No. 24-279 recently issued by the Algerian Government, the ceiling price of coffee when consumed (including all taxes) is set as follows: 1kg of green coffee beans, roasted or ground, Arabica, has a selling price of 1,250 Algerian Dinars (9.45 USD) and 1kg of green coffee beans, roasted or ground, Robusta, has a selling price of 1,000 Algerian Dinars (7.56 USD). The highest profit margin for importing green coffee beans for resale in their original state is 3% based on the customs value. The profit margin regulation applicable to products made from imported green coffee beans for processing is 4% based on the cost price. Units under the Algerian Ministry of Trade and Export Promotion must periodically publish on official websites as well as other appropriate means the reference price of green coffee beans applied in the international market. To benefit from the difference, the relevant enterprises must ...

Source: Agriculture