The EU remained the largest coffee export market of Việt Nam, importing more than 367,000 tonnes worth $2 billion, a rise of 10.2 per cent in volume and 81.9 per cent in value.
Agricultural experts forecast that domestic prices may continue to to around VNĐ120,000 per kilogramme due to the downward trend in global markets. Key drivers behind recent price hikes, such as weather concerns and trade tensions, are showing signs of easing.
Specifically, the price was VNĐ130,500 per kilo in Đắk Lắk Province, VNĐ130,000 in Lâm Đồng Province, VNĐ130,400 in Gia Lai Province, and VNĐ130,500 in Đắk Nông Province, vnbussiness.vn reported.
Experts have said that specialty coffee such as Fine Robusta, is gaining traction as a high-value product, selling for up to double the price of regular green coffee.
Linking tourism with a province’s unique speciality product, to the point where it becomes synonymous with a certain region, has always been a recipe for tourism success.
Algeria’s recent reduction of import duties on coffee offers a great opportunity for Vietnamese coffee to expand its presence in the North African market.