The prices of green robusta coffee beans in the Central Highlands have risen to VND 37.6- 38.3 million (USD 1,671-1,702) per ton this week, up according to the Ministry of Agriculture and Rural Development.

The prices at one time reach VND 38.9 million (USD 1,729) per ton, the highest since June 29, 2015, in Dak Lak province.

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Meanwhile, the freight on board (FOB) price of robusta coffee in Ho Chi Minh City gained USD 24 per ton, to USD 1,756 per ton.

The rising trend was buoyed by the global price hike last week due to concerns over the prolonged drought’s impact on coffee harvest in Vietnam and India, two among the world’s top robusta coffee producers.

According to the Ministry of Agriculture and Rural Development, coffee exports of Vietnam, the world's largest robusta coffee exporter, reached an estimated 1.32 million tons in the first nine months of the 2015-16 crop year ending September, up 32 percent from a year earlier.

Source: VNA