HÀ NỘI — The price of Robusta coffee in February increased sharply in the domestic market because coffee demand has remained at a high level, according to the Import-Export Department, Ministry of Industry and Trade. The price was pushed up to very high levels at $500-550 tonne for grade-2 Robusta coffee, and at $750 - 800 per tonne for grade-4 Sumatra coffee. The Ministry of Agriculture and Rural Development said that the main reason for the increase in Robusta coffee export prices was concern about supply shortages. Regarding kinds of coffee, in January 2024, Việt Nam increased exports of Robusta and Arabica coffee compared to December 2023, but decreased exports of Excelsa and processed coffee. The Arabica coffee exports recorded high growth to many markets, such as the US, Japan, Indonesia, the Philippines and Russia.

Source: Viet Nam News March 12, 2024 20:18 UTC