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Saturday, June 22, 2024

Coffee, durian prices soar sharply in January

By Nam Nguyen

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HCMC – Domestic coffee and durian prices have soared sharply for over a week, according to a report from the Ministry of Industry and Trade. Their current prices are double the January 2023 levels.

Robusta coffee in Central Highlands provinces like Gia Lai, Dak Nong, and Dak Lak edged up by VND500 per kilogram to VND70,900 or VND71,000 on January 19. It rose further to the range of VND77,300 and VND78,300 on January 30, a two-fold increase over January 2023.

The Ministry of Industry and Trade predicted that domestic coffee prices will continue to rise in the short term.

Durian has also surged in price, driven by the growing demand of Chinese consumers ahead of the Lunar New Year 2024.

In the Mekong Delta provinces, Ri6 durian on January 30 cost VND112,000 to VND115,000 per kilogram, while the durian of Thai strain was priced at between VND172,000 and VND175,000 per kilogram. These prices are now twice as high as those recorded in January 2023.

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