Coffee price exceeds VND40,000 per kilo

The coffee price on the Central Highland provinces reached VND40,200 per kilogram on February 4, up VND1,000 compared to the days before Tet and a record price for recent years.

The price of robusta coffee in the London market was US$2,239 per tonne on February 3, the highest since the beginning of this year, and this made the world coffee market hotter.

In Vietnam, coffee buying and purchasing were delayed because farmers are taking time off for the Tet holiday. This impacted the coffee exchange in London and partly contributed to raising the price.