The Import and Export Department (Ministry of Industry and Trade) said that the purchase of coffee in the country was difficult due to the fall in prices, and growers did not want to sell at the current low prices. Meanwhile, in Lam Dong province, unfavorable weather caused great damage, especially to Arabica coffee. It is estimated that about 150 hectares out of a total of 500 hectares of coffee in Da Sar commune and 300 hectares of coffee in Da Nhim commune, Lac Duong district, Lam Dong province were severely damaged by frost.
In the Central Highlands, the 2019/20 crop is facing drought, leading to a decrease in output. The long dry season in the Central Highlands leads to an increasingly scarce coffee area, the application of an advanced irrigation system and a water saving irrigation system is considered an urgent requirement to sustain the development of the agricultural sector. sustainable, especially industrial crops of high economic value such as coffee.
Domestic Robusta coffee prices in the 3rd week of February 2020 increased. On February 24, 2020, domestic Robusta coffee prices increased from 0.6% to 1.3% compared to February 14, 2020, at the lowest level of 31,100 VND / kg in Di Linh district, Lam Dong province; the highest level was 31,700 VND / kg in Cu M’gar district, Dak Lak province. At warehouses around Ho Chi Minh City, the price of R1 Robusta coffee increased by 1.2% compared to February 14, 2020, trading at VND33,000 / kg.
According to the General Department of Customs, coffee exports in the first 15 days of February 2020 reached 88.3 thousand tons, worth US $ 147.73 million, up 8.7% in volume and 3.8% in value compared to the previous year. for the first 15 days of January 2020, an increase of 236.7% in volume and 221% in value compared to the first 15 days of February 2019. Accumulated from the beginning of the year to February 15, 2020, coffee exports reached 233.3 thousand tons, worth $ 394.1 million, up 10.1% in volume and 5.6% in value over same period in 2019.
The average export price of coffee in the first 15 days of February 2020 reached 1,672 USD / ton, down 4.5% compared to the first 15 days of January 2020 and 4.7% compared to the first 15 days of February / 2019. Accumulated from the beginning of the year to February 15, 2020, the average export price of coffee reached 1,689 USD / ton, down 4% over the same period in 2019.
