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Coffee price highest in six years

Released at: 14:07, 25/03/2017

Coffee price highest in six years

Photo:yellowpages.vnn.vn

Vietnam’s coffee output from the current crop has fallen 11 per cent against the previous crop, the International Coffee Organization has reported.

by Uy Vu

Coffee prices in Vietnam have reached their highest level in six years, due to a shortage of export-quality beans after the harvest was hit by bad weather.

According to reports from local media, prices are now in the range of VND46,500 ($2.04) per kilo of Robusta beans in the central highlands province of Lam Dong and VND47,300 ($2.08) per kilo in Dak Lak province.

This is the highest level since September 16, 2011, when prices climbed to VND47,400 ($2.09) per kilo.

A water shortage in the dry season and then unseasonal rain in the central highlands from October to December badly affected the 2016-17 harvest, both in terms of productivity and quality.

Vietnam’s coffee output from the current crop has fallen 11 per cent against the previous season, the International Coffee Organization has reported. In 2016, 134,600 ha of coffee trees in the region saw reduced output, while nearly 7,900 ha of trees died or did not produce any coffee beans.

The central highlands has 576,800 ha of coffee trees, accounting for 89 per cent of the country’s total coffee area. Vietnam’s coffee accounts for one-fifth of the world coffee bean output.

It is currently the dry season in the central highlands and water shortages are a major problem. However, the Steering Committee for the Central Highlands recently confirmed that water resources in the region would be able to supply sufficient water through irrigation projects, rivers, streams, and wells to irrigate coffee plantations until the end of the dry season.

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