The price of coffee, pepper and cacao in the Central Highlands province of Dak Lak has increased by 20-60 percent over the last month after more than two years of decline, according to the province's Department of Industry and Trade.
The price of pepper is now 60,000 VND a kg; fermented cacao, 58,000 VND a kg; and coffee, 29,200–30,200 VND a kg.
Several export companies, however, have not been able to buy coffee because many farmers in Ea H'Leo, Krong Nang, Cu M'Gar and Buon Ho districts sold their product in advance to traders before it was harvested.
Nguyen Tan Quang, chairman of Dak Lak province Alliance of Cooperatives, said most farmers in the rural and remote areas of Ea H'Leo had sold their coffee before harvesting, with prices of 18,000-19,000 VND a kg, to have money to buy fertilisers, fuel and pesticides.
The price of coffee, pepper and cacao could continue to increase, according to export companies.
Dak Lak provincial authorities have asked Government agencies to help farmers by promoting trade and providing up-to-date market forecasts./.
Cambodia - Laos - Vietnam Development Triangle Portal
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Ministry of Planning of Cambodia
Laos Ministry of Foreign Affair
Ministry of Plannning and Investment of Vietnam Tel (Vietnam) : (84-80)44589; (84-80)43485 • Fax: (84-80)44802 • (84-04)38234453 (Ministry Office); Email: ttth@mpi.gov.vn
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