While volume declined by 5.5% year-on-year, value surged by 56% thanks to a sharp rise in average prices during the period.
Domestically, coffee prices in the Central Highlands reversed course on Saturday, falling by VND2,500-3,300 (9.6-13 US cents) per kilogram to VND122,500 (US$4.82) per kilogram in the provinces of Dak Nong, Dak Lak, and Gia Lai, and VND122,000 in Lam Dong.
Agricultural experts forecast that domestic prices may continue to drop to around VND120,000 per kilogram due to the downward trend in global markets. Key drivers behind recent price hikes, such as weather concerns and trade tensions, are showing signs of easing.
In addition, increased investment in cultivation and replanting over the past two years is expected to boost supply in the near future.