Coffee prices hit new high, businesses should not be subjective

BẢO TRUNG |

Coffee prices in Dak Lak are currently at VND130,000/kg, nearly double that of the same period in 2024. The province's coffee exports are growing strongly, creating momentum for economic development, but businesses still need to be cautious about market fluctuations.

Mr. Nguyen Dinh Vien, Director of PM Coffee Company Limited, said that since the beginning of 2025, the company's business operations have been stable, exporting about 120 tons of coffee to the Middle East every day. In more than two months, the company has exported 7,200 tons, a sharp increase compared to the previous year. However, Mr. Vien emphasized that coffee prices fluctuate unpredictably, not following a fixed cycle, forcing businesses to have many response scenarios.

At Dak Lak 2-9 Import-Export Company Limited (Simexco Daklak), in January 2025, the unit exported more than 9,500 tons of coffee, exceeding the plan by 9%, with estimated revenue of more than VND 1,000 billion. From 2020-2024, the company achieved an export turnover of more than 1 billion USD, much higher than the target of 750 million USD.

According to Mr. Le Duc Huy, Chairman of the Board of Members of Simexco Daklak, the success of the unit comes from investing in raw material areas, supporting farmers with care techniques, managing the supply chain and processing right in the growing area, helping to reduce logistics costs and improve product quality.

Data from the Department of Industry and Trade of Dak Lak province shows that in 2024, the province will export 241,000 tons of coffee, reaching a turnover of more than 1.8 billion USD, an increase of 23.9% compared to 2023, leading the Central Highlands region.

According to Mr. Nguyen Hoai Duong, Director of the Department of Agriculture and Rural Development of Dak Lak, the improvement in coffee exports is a positive sign, but businesses should not be subjective. Price fluctuations, international competition and increasingly high quality requirements require a long-term strategy.

Supporting farmers with seeds, techniques and fertilizers will help improve coffee quality, meeting export standards. Close cooperation between farmers and businesses helps build a sustainable value chain, enhancing the position of Vietnamese coffee in the international market.

Mr. Luu Van Khoi, Director of the Department of Industry and Trade of Dak Lak province, said that by 2025, the province has set an export turnover target of 1.7 billion USD. To achieve this target, the province will reform administration, simplify procedures, support businesses in overcoming difficulties, and at the same time enhance online public services, creating favorable conditions for agricultural exports.

BẢO TRUNG
TIN LIÊN QUAN

Coffee price today 10.2: Arabica setting up, Robusta cooled down

|

Coffee price today 10.2 decreased slightly VND 500/kg, ranging from 128,000 - 129,000 VND/kg. Arabica set a new record, Robusta adjusted after the hot chain.

Agricultural product prices today, February 6: Coffee prices continue to increase sharply

|

Agricultural product prices today, February 6: At the giacaphe.com trading floor, the average coffee price is 130,400 VND/kg, a sharp increase of 1,400 VND/kg compared to the previous day.

Imported vehicles are untied, Lang Son continues to propose strengthening inspection

|

Lang Son - After a long time of many problems, the registration of newly imported vehicles has been resolved, but there are still many difficulties.

Dien Bien plans provincial stadium into a regulating lake and park

|

Dien Bien - The Provincial People's Committee is submitting to the Ministry of Construction for appraisal the Dien Bien Phu City Planning Project, accordingly, a park and a regulating lake will be built at the stadium location.

Hue Forest Protection Officers Receive Salary After 3 Months of development

|

HUE - After 3 months of delay due to administrative procedures, 16 forest rangers of Hue City have been paid their salaries and full insurance benefits.

The Ministry of Public Security requests to suppress street crimes during the April 30 and 1.5 holidays

|

The Ministry of Public Security requires police units and localities to strongly suppress all types of crimes, especially " Street Crime" during the April 30 and May 1 holidays.

Hanoi checks information about the Nghia Do park renovation project using black sand for concrete

|

Hanoi - The City People's Committee requested to check and clarify information about people reflecting on the contractor using black sand to make concrete at the Nghia Do Park renovation and repair project.

Hanoi conducts general review, reclaims abandoned headquarters, misuses

|

Hanoi - The city will promptly rectify and handle agencies and organizations that use ineffective and unused offices for hoangage.

Coffee price today 10.2: Arabica setting up, Robusta cooled down

Thanh Vân |

Coffee price today 10.2 decreased slightly VND 500/kg, ranging from 128,000 - 129,000 VND/kg. Arabica set a new record, Robusta adjusted after the hot chain.

Agricultural product prices today, February 6: Coffee prices continue to increase sharply

LAM HỒNG |

Agricultural product prices today, February 6: At the giacaphe.com trading floor, the average coffee price is 130,400 VND/kg, a sharp increase of 1,400 VND/kg compared to the previous day.