According to statistics released by the Mercantile Exchange of Vietnam (MXV), at the end of the trading session on August 30 the price of two coffee items continued to show positive signs, with respective increases of 1.47% for Arabica and 1.92% for Robusta.

Over the long term it is anticipated that coffee prices, especially Robusta coffee, the country’s main coffee type, will continue to increase as demand rises within the global market.

Furthermore, the competitive price of Robusta coffee with Arabica coffee is also the reason why this product has been chosen more.

Recent years has seen the amount of coffee exported from the nation increase sharply. In particular, 2022 represented a very successful year for Vietnamese coffee exports, with an export volume of 1.78 million tonnes and a record turnover of US$44.06 billion.

As a means of improving the overall quality and price of exported coffee, as well as raisin the level of Vietnamese coffee products as part of the international market, the Ministry of Agriculture and Rural Development and localities based in the Central Highlands are carrying out a project to build coffee raw material areas that come up to world standards.

Under the terms of the project, there will be about 19,700 hectares of coffee trees deployed in the four provinces of Gia Lai, Dak Lak, Kon Tum, and Dak Nong, with as many as 64 cooperatives and 5,230 households set to benefit from the project.

The solution to the development of coffee raw materials is therefore expected to help Vietnamese coffee beans increase their value both domestically and for exports towards successfully building a high-quality Vietnamese coffee brand.

Vietnam is currently viewed as a destination for many major coffee producers. Therefore, the Ministry of Agriculture and Rural Development has determined that it is necessary to build standard coffee material areas in key areas in a bid to ensure export requirements.

Over the past years, the coffee industry has greatly benefited from the project "Sustainable Agricultural Transformation in Vietnam" (VnSAT), implemented from 2015 to 2021 and going on to be internationally recognised and honoured as a typical project of Southeast Asia.

As a result, the VnSAT project has offered training of the sustainable coffee replanting process for more than 30,000 households with an area of nearly 30,000 hectares, while 25,000 households have replanted more than 22,000 hectares of coffee.

It is therefore worth noting that ​​sustainable coffee growing areas are increasing in key coffee growing localities. For example, at present Dak Lak is home to nearly 46,000 hectares of coffee using a sustainable coffee production process with Vietnamese and international certification.

The whole province has 54 cooperative groups and cooperatives producing coffee according to international standards, with an area exceeding 6,000 hectares.

Gia Lai province is home to nearly 46,000 hectares of coffee production, according to standards such as VietGAP, 4C, Organic, and Rain Forest.

Source: VOV