Coffee prices hit record high, contributing 80% of Gia Lai's export value

Coffee-producing regions in Gia Lai are preparing to enter the harvest season, amidst persistently high prices - Photo: TAN LUC

On October 16th, the Department of Industry and Trade of Gia Lai province announced that in the first nine months of 2024, the province's export turnover was estimated at over 700 million USD, reaching more than 93% of the plan, with coffee being the leading product.

Specifically, coffee exports alone reached 193,000 tons, equivalent to $552 million, accounting for 80% of total export turnover.

According to Mr. Pham Van Binh, Director of the Department of Industry and Trade of Gia Lai province, the value of coffee exports has increased by 26% compared to the same period last year.

The consistently high price of coffee has contributed significantly to the province's total export value.

The province is actively promoting Gia Lai coffee products at domestic and international trade promotion programs, as well as through various media channels.

Recently, the Gia Lai Department of Industry and Trade welcomed a delegation of Japanese businesses to survey the Gia Lai coffee market and introduced them to several large processing enterprises in the province.

Initially, Japanese businesses proposed to have exclusive distribution rights for Gia Lai instant coffee in the Japanese and Malaysian markets under the Gia Lai Coffee brand.

Given the consistently high coffee prices, Mr. Nguyen Van Hoan, deputy director of the Department of Agriculture and Rural Development of Gia Lai province, advised farmers to maintain stable coffee acreage and avoid production driven by trends or chasing high market prices.

Instead, he advised people to intensify cultivation and increase productivity through technical solutions. For aging coffee plantations, when replanting, it is important to choose high-yielding, quality-tested varieties.

At the same time, farmers must improve the quality of coffee production according to international standards to meet export requirements. They should apply water-saving irrigation techniques to conserve surface water and limit the use of groundwater.

Regarding the news that Europe is developing regulations against deforestation for coffee products, Mr. Hoan stated that Europe is a major export market for Vietnamese coffee. With these regulations, coffee production on deforested areas would not meet export requirements.

Therefore, in the near future, localities need to strengthen the protection of forest environments and combat deforestation for coffee cultivation. According to Mr. Hoan, Gia Lai province will have a project to identify coffee-growing areas to determine if any of them are located within deforested zones.

Source: https://tuoitre.vn/gia-ca-phe-tang-ky-luc-dong-gop-80-gia-tri-xuat-khau-cua-gia-lai-20241016163626965.htm