Vietnam Coffee Bean Prices Hit Record High in October 2014

Vietnamese coffee farmers and traders saw a dramatic shift in October 2014 after months of falling prices. What had been a sluggish market suddenly reversed, with farmgate prices climbing sharply to unprecedented levels—changing the financial outlook for many smallholders almost overnight.

As of October 2014, coffee bean prices in Vietnam’s Đồng Nai Province reached 42–42.5 million Vietnamese đồng (VND) per ton (approximately US$2100–2125), marking a 5 million VND (about US$250) increase from the end of September.

Why Did Vietnamese Coffee Bean Prices Spike in October 2014?

After a prolonged period of declining prices, the Vietnamese coffee market rebounded significantly in October 2014. This upward movement brought prices to a record high for the year. The sharp rise surprised many industry observers and provided a much-needed boost to coffee growers who had been struggling with lower returns.

How Much Are Farmers Earning Per Ton Now?

In Đồng Nai Province—the heart of Vietnam’s coffee-growing region—farmers were receiving between 42 million and 42.5 million VND per ton of coffee beans in October 2014. This price range equates to roughly US$2100 to US$2125 per ton. Just a month earlier, at the end of September, the same coffee was fetching around 37–37.5 million VND per ton, meaning the monthly increase was approximately 5 million VND (US$250) per ton.

What Were Vietnam’s Coffee Export Figures for 2014 So Far?

Through the first nine months of 2014, Vietnam exported 193,000 tons of coffee, generating US$420 million in revenue. Both the volume and value of exports showed strong growth—up more than 42% in quantity and nearly 43% in value compared to the same period in 2013. These figures reflect a robust international demand that contributed to the domestic price surge.

Based on the October price levels, industry analysts projected that coffee exports from Đồng Nai Province alone could add over US$80 million in the final three months of 2014. This would bring the province’s total coffee export earnings for the year to approximately US$500 million.

What Does This Price Increase Mean for the Vietnamese Coffee Industry?

The October 2014 price surge provided critical relief to Vietnamese coffee producers who had faced declining incomes for months. The higher farmgate prices not only improved short-term revenues but also signalled stronger global demand and tighter supply conditions. For a country that relies heavily on coffee exports, this price movement had significant implications for farmer livelihoods and national agricultural revenue.

Frequently Asked Questions

What were Vietnam coffee bean prices in October 2014?

In October 2014, coffee bean prices in Đồng Nai Province, Vietnam, reached 42–42.5 million Vietnamese đồng per ton, which is approximately US$2100–2125. This was a significant increase from the previous month.

How much did coffee prices rise in Vietnam in October 2014?

Coffee prices in Vietnam rose by about 5 million VND (roughly US$250) per ton in October 2014 compared to the end of September, reaching 42–42.5 million VND per ton.

What was Vietnam’s coffee export volume in 2014 up to September?

From January to September 2014, Vietnam exported 193,000 tons of coffee, earning US$420 million in total export revenue.

How much did Vietnam’s coffee exports grow in 2014 compared to 2013?

Vietnam’s coffee exports in the first nine months of 2014 increased over 42% in volume and nearly 43% in value compared to the same period in 2013.

What is the projected coffee export revenue for Đồng Nai Province in late 2014?

Based on October 2014 prices, Đồng Nai Province’s coffee exports were expected to generate over US$80 million in the final three months of 2014, bringing the annual total to around US$500 million.

Why did Vietnamese coffee prices increase in October 2014?

The October 2014 price increase followed a long period of decline and was driven by stronger global demand and tighter supply, leading to a significant rise in both domestic purchase prices and export values.

Recommended FrontStreet Beans from Vietnam

For drinkers exploring Vietnamese coffee origins, FrontStreet Coffee’s Vietnam Yellow Bourbon offers bright citrus, caramelised sugar, and a lightly fermented sweetness. Its medium roast highlights the region’s trademark balance. Freshly roasted within 5 days · Orders placed before 17:00 ship the same day · Next-day delivery across most of Guangdong Province.