Coffee Prices Start Falling in Vietnam

Coffee prices have started falling in Central Highlands region, Vietnam’s largest coffee growing area, after surpassing the VND25,000-per-kilo mark.

 

A kilo of coffee currently costs around VND24,600 in the region, down VND800 per kilo.

 

In the first five months this year, Vietnamese exporters are estimated to have shipped 680,000 tons of coffee abroad, earning US$1 billion, up 37.11 per cent in volume but down 0.42 per cent in value, the paper said, citing the Ministry of Agriculture and Rural Development.

 

On the world market, coffee prices rose to an eight-month high as supplies of Arabica beans dwindled from Colombia, the second-largest producer of the variety, and from Central America. Orange juice also gained. (Youth)