Central Highlands: high coffee prices offset declining output
A significant increase in coffee prices in the Central Highlands has helped offset a decline in output, according to the Steering Committee for the Central Highlands Region.
For the whole region, the output of 135,000 hectares of coffee hit by drought fell by up to 50%, while another 7,894 hectares died of drought.
Dak Lak, a major coffee producer of the country, has nearly 69,000 hectares of coffee hit by drought, of which 5,570 hectares suffer from complete loss.
However, coffee bean prices have been at a five-year peak, increasing from VND41,000 to VND42,000 per kilogramme, bringing good profits to farmer households.
According to the steering committee, the Central Highlands region has a total coffee area of 573,400 hectares, of which 532,499 hectares have been in harvest, with an estimated output of over 1 million tonnes of coffee beans.
Dak Lak boasts the largest coffee area yielding the biggest output, with more than 453,000 tonnes of coffee beans.