By Joe Fotalattee
Vietnam’s coffee exporting province, Dak Lak, in the Central Highlands, earned 798 million USD in 2022, or 53.2 percent of the region’s overall export revenue.
The price of local coffee at export increased by 363 USD for the crop of 2021–2022, reaching an average of 2,037 USD per ton. Dak Lak harvested 550,000 tons of coffee this year, and exported a record 380,000 tons.
Vietnam’s participation in new-generation free trade agreements increased the opportunities for the province’s coffee export, business, and production activities.
The EU-Vietnam Free Trade Agreement (EVFTA) loosened restrictions on processed coffee creating an industry trend in increased production of instant coffee as well.