Coffee prices hit a record high

The price of coffee has risen a record to VND31,500 per kilogram in the past two years.

The price of coffee increased from VND29,000 on October 19 to VND30,000 on October 20 and to VND31,500 per kilogram on October 21.

According to the Vietnam Cacao and Coffee Association (Vicofa), the domestic price of coffee has risen because of a shortage on the world market and international businesses are rushing to purchase coffee. In addition, heavy rains have hit key coffee plantations areas in Vietnam, worrying investors.

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