Vietnamese coffee is very delicious, and it is 'all alone in the market' so you can be confident in the price.

Vietnam is entering the beginning of the coffee harvest season. Despite the poor harvest, many gardeners are excited because they can sell at high prices – Photo: N.TRI

At this time, many farmers in the Southeast and Central Highlands... are entering the coffee harvest season with not much output but prices are stable at a high level. Specifically, the price of fresh coffee (picked and sold at the garden) is at 21,000-23,000 VND/kg and coffee beans are at 105,000-110,000 VND/kg depending on the location and type.

The above price is reported by many businesses to have increased slightly compared to a few days ago, nearly double the same period last year, and nearly triple the low level of previous years (fluctuating around 35,000 VND/kg of green coffee).

Speaking to Tuoi Tre Online recently, Mr. Do Ha Nam, Vice President of the Vietnam Coffee and Cocoa Association (VICOFA), said that the Robusta variety accounts for about 95% of Vietnam's coffee area and is very popular with many international customers because it tastes much better than similar products from countries such as Brazil, India, Indonesia, etc.

In addition, according to Mr. Nam, Vietnam's coffee harvest season mainly falls from early November to late December, which is the time when most countries have no harvest, or very little harvest.

“Our country is almost “alone in the market” during the season and is always the first choice of customers around the world thanks to its delicious taste and taste. Therefore, although Vietnam’s main crop output will increase sharply compared to this time and prices may fluctuate, we still have certain advantages to expect better prices than in previous years,” said Mr. Nam.

Many experts believe that Brazil – the world’s largest coffee producer – has a crop season from May to September, but the inventory at this point is not large due to this year’s reduced output. Therefore, if the coffee supply from Vietnam is moderate and the price is good, it will likely be maintained, at least in the short term.

According to VICOFA, 2024 is a special year for the coffee industry because for the first time, the export price of Vietnamese Robusta coffee has increased to a record high, even the highest in the world - higher than the price of Arabica coffee.

Specifically, in January, our country's coffee export price was only 3,054 USD/ton, by October it increased to 5,855 USD/ton, an increase of 91.7%.

Export volume decreased but value increased sharply

According to VICOFA, the volume of coffee exported in the first 10 months of 2024 decreased by 10.8%, but the value increased by 40.1% compared to the same period in 2023, far exceeding the figure of 4.18 billion USD for the whole year of 2023.

Specifically, in the 10 months, the total volume of coffee exports reached nearly 1.2 million tons, worth 4.6 billion USD. It is forecasted that the whole year's coffee export turnover will set a record with the mark of 5.5-5.6 billion USD.

Source: https://tuoitre.vn/ca-phe-viet-rat-ngon-lai-dang-mot-minh-mot-cho-nen-co-the-tu-tin-vao-gia-202411132015042.htm