Nguyen Duc Dung, Deputy General Director of the Mercantile Exchange of Vietnam, noted that coffee prices in the global market rose sharply. As a result, Vietnam's coffee export value increased by over 37% during this period, though its export volume decreased by 22%.
On the domestic market, coffee prices in the Central Highlands and southern provinces also reached a record high. On March 14, the price hit approximately VND139,000 ($5.44) per kilo, which is 50% higher than the same period last year. Prices are expected to rise further in the second quarter due to a supply shortage.
In addition to coffee, Vietnam’s pepper exports experienced a decline in volume but saw a 50% increase in value year-on-year. Consequently, the country earned $184.4 million from exporting 27,274 tonnes of pepper in the two-month period.