Nguyen Duc Dung, Deputy General Director of the Mercantile Exchange of Vietnam (MXV), 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%.

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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 139,000 VND (5.44 USD) 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 USD from exporting 27,274 tonnes of pepper in the two-month period.

Source: VNA