According to the latest statistics from the Commodity Exchange of Vietnam (MXV), at the end of the trading session on August 17 (August 18 morning Vietnam time), the price of Arabica coffee continued to decline to the 8th session in a row. pushed the price of Arabica contract in December to the lowest level in 7 months. The market continued to anchor on positive signals from coffee exports in Brazil.

Robusta coffee prices are gradually improving

According to data from the Brazilian Coffee Exporters Association (CECAFE), in the first 16 days of August, Brazil exported more than 1.2 bags of 60 kg Arabica beans, a sharp increase compared to the 971,856 bags shipped. moved abroad in the same period last month. This puts some pressure on the price.

In the opposite direction, the price of Robusta coffee rebounded after 3 consecutive declines, closing 0.55% higher than the reference. The Robusta coffee market is still partly facing concerns that coffee supplies are still low in leading coffee producing countries such as Vietnam and Indonesia.

As one of Vietnam's key agricultural products and grown mainly in the Central Highlands (accounting for 36% of the total output), Vietnam is currently the world's largest exporter of Robusta coffee. . Therefore, when the price of Robusta coffee increases, it is also a sign that in the last months of the year, the export value will be even higher when new price contracts are delivered.

Up to now, Vietnamese coffee products have been present in 37 major markets, of which 25 markets have reached over 10 million USD, especially 7 markets have reached over 100 million USD (the largest is Germany, followed by Germany). Italy, USA, Japan…).

Vietnam's coffee exports are receiving good support from the fact that domestic and transaction prices remain at a record high, aiming to maintain the turnover in 2023 at $4 billion.

In 2022, our country's coffee exports will reach about 1.78 million tons, earning 4.06 billion USD, up 13.8% in volume and 32% in value compared to 2021. This is also the first year. in the history of coffee exports surpassing the $4 billion mark.