Coffee prices hit record high, contributing 80% of Gia Lai's export value

Coffee growing areas in Gia Lai are preparing to enter the harvest season, in the context of prices remaining high - Photo: TAN LUC

On October 16, the Department of Industry and Trade of Gia Lai province said that in the first 9 months of 2024, the province's export turnover is estimated at more than 700 million USD, reaching more than 93% of the plan with the leading product being coffee.

Specifically, coffee exports alone reached 193,000 tons, equivalent to 552 million USD, accounting for 80% of total export turnover.

According to Mr. Pham Van Binh - Director of the Department of Industry and Trade of Gia Lai province, the value of coffee exports has increased by 26% over the same period.

Coffee prices have remained consistently high, making a major contribution to the province's total export value.

The province is actively promoting Gia Lai coffee products at domestic and international promotion programs, as well as promoting them on media channels.

Recently, Gia Lai Department of Industry and Trade welcomed a delegation of Japanese businesses to survey the Gia Lai coffee market and were introduced to some of the province's major processing enterprises.

Initially, Japanese enterprises proposed to exclusively distribute Gia Lai instant coffee to the Japanese and Malaysian markets under the Gia Lai Coffee brand.

Faced with the continuous high price of coffee, Mr. Nguyen Van Hoan - Deputy Director of the Department of Agriculture and Rural Development of Gia Lai province - advised farmers to maintain stable coffee acreage, avoid production following trends, and follow high market prices.

Instead, he recommends that people cultivate intensively and increase productivity with technical solutions. When replanting old coffee areas, it is important to choose high-yield varieties that have been quality-tested.

At the same time, farmers must improve the quality of coffee production according to international standards to meet export conditions. Apply irrigation to save surface water and limit the use of groundwater.

In response to the news that Europe is developing anti-deforestation regulations for coffee products, Mr. Hoan said that this is the main export market for Vietnamese coffee. With this regulation, coffee production on deforested areas will not meet export conditions.

Therefore, in the near future, localities need to strengthen the protection of the forest environment and prevent deforestation for coffee plantations. According to Mr. Hoan, Gia Lai province will have a project to identify coffee growing areas to consider whether there is an area in the deforested area or not.

Source: https://tuoitre.vn/gia-ca-phe-tang-ky-luc-dong-gop-80-gia-tri-xuat-khau-cua-gia-lai-20241016163626965.htm