The Import-Export Department (Ministry of Industry and Trade) said that the limited domestic supply of coffee was the cause of the increase in coffee prices in the domestic market since early May 2020. The water shortage has seriously affected coffee production in the Central Highlands region.
According to statistics from the General Department of Customs, coffee exports in April 2020 reached 165.8 thousand tons, worth $ 279.83 million, down 2.5% in volume and 5.1% in value. compared to March 2020, but compared to April 2019, it increases by 15.4% in volume and 15.3% in value. Generally for the first 4 months of 2020, coffee exports reached 682.8 thousand tons, worth $ 1,148 billion, up 8.1% in volume and 5.3% in value over the same period in 2019.
In April 2020, the average export price of coffee reached 1,688 USD / ton, down 2.7% compared to March 2020 and down 0.1% compared to April 2019. Generally for the first 4 months of 2020, the average export price of coffee reached 1,682 USD / ton, down 2.6% over the same period in 2019.
In April 2020, the average export price of coffee to many markets increased compared to April 2019, including Myanmar by 5.6%, to $ 4,112 / ton; Chile increased 36.8% to 2,609 USD / ton; China increased 14.4% to 2,744 USD / ton; South Africa increased 70.1% to 2,401 USD / ton; New Zealand increased by 62% to 2,703 USD / ton; Israel increased 4.9%, to $ 2,252 / ton; Indonesia increased by 50.8%, reaching 2,460 USD / ton; Philippines increased by 4.6% to 2,370 USD / ton. In contrast, coffee exports to some markets decreased, such as Singapore down 10.2%, down to 3,681 USD / ton; Cambodia decreased by 6.4%, down to 3,571 USD / ton.
Generally for the first 4 months of 2020, the average export price of coffee to many markets increased, including: Myanmar, Chile, China, South Africa, New Zealand. In contrast, the average export price of coffee to some markets decreased, including Singapore; Cambodia, Israel, Philippines.
In April 2020, coffee exports to many markets increased compared to April 2019, including Germany, America, Spain, Belgium, Russia, Japan, and South Korea. In contrast, exports to some markets decreased, such as Italy, the Philippines, Algeria. Generally for the first 4 months of 2020, coffee exports to Germany increased by 35.4% in volume and 26.5% in value over the same period in 2019, reaching 116.7 thousand tons, worth 176, 16 million USD. In contrast, coffee exports to the US market decreased by 14.4% in volume and 7.5% in value over the same period in 2019, reaching 56.3 thousand tons, worth $ 102 million.
