According to the Import and Export Department (Ministry of Industry and Trade), according to the Central Highlands Region’s Hydrometeorology Station, in the dry season in 2020, the shortage of irrigation water for crops tends to increase. Therefore, many crops and industrial crops, especially coffee trees do not have irrigation water, many households are facing a shortage of water for daily use. At the same time, the coffee industry was double affected by the drought and widespread Covid-19, which caused coffee prices to hit a 10-year low.
In the days of mid-April 2020, domestic coffee prices fell to a record low. Specifically, on April 18, 2020, coffee prices decreased from 0.3 to 1.3% compared to April 8, 2020 in most surveyed provinces / districts, but stabilized in Buon Ho district, Dak province. Lak. At the ports of Ho Chi Minh City, the price of R1 Robusta coffee decreased by 1.0% compared to the date of 8/4/2020, down to 31,200 VND / kg.
According to the General Department of Customs, coffee exports in March 2020 reached 170 thousand tons, worth US $ 294.78 million, down 2.2% in volume, but up 0.6% in value compared to February 2020. , down 1.1% in volume and 1.0% in value compared to March 2019. Generally in the first quarter of 2020, coffee exports reached 489.2 thousand tons, worth $ 835.22 million, up 0.3% in volume, but down 1.5% in value over the same period in 2019.
In March 2020, the average export price of coffee reached USD 1,734 / ton, an increase of 2.9% compared to February 2020 and an increase of 0.1% compared to March 2019. Generally in the first quarter of 2020, the average export price of coffee reached 1,707 USD / ton, down 1.8% over the same period in 2019.
In March 2020, the average export price of coffee to many markets increased compared to February 2020 and increased compared to March 2019, such as Laos reached the highest level of USD 4,956 / ton; Chile reached 3,643 USD / ton; China reached 3,335 USD / ton; Romania reached 2,177 USD / ton; Australia reached 2,086 USD / ton; The Netherlands reached 2,019 USD / ton; In contrast, the average export price of coffee to some markets decreased such as the Philippines, Russia, Ukraine, Thailand, Indonesia, Canada, Italy, and Portugal.
