The price of coffee in Dak Nong and other central highland provinces rose to VND38,200 per kg on January 12, up VND900 from the previous day and up VND1,200 per kg from early January.
This is the highest price level for coffee in Central Highland provinces since 2008.
This increase is attributed to a surge in coffee prices on the London market on the evening of January 11, from US$2,050 per tonne to US$2,105.
However, many farmers have limited their sales because they hope coffee prices will continue to go up in the coming time.
Businesses said coffee growers can still make a profit even when selling their products for VND38,000 per kg.
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