HANOI (XINHUA) – Vietnam’s coffee exports brought home nearly USD4.4 billion in the first nine months of this year, exceeding the turnover of the whole 2023, VnExpress reported yesterday, citing the Ministry of Agriculture and Rural Development.
The nine-month figure went up 40 per cent compared to the same period last year thanks to high prices of exported coffee.
Vietnam’s exported coffee was sold averagely at the all-time high of USD5,469 per tonne in September.
From January to September, the price was reported at USD3,897 per tonne, an increase of 56 per cent year-on-year.
Among Vietnam’s main export items, coffee has emerged as the agricultural product with the biggest increase in export prices, said the report.
According to the Vietnam Coffee and Cocoa Association, the Southeast Asian country is predicted to face numerous challenges in the 2024-2025 crop due to unfavourable weather conditions. Coffee output is expected to decrease by five-15 per cent.
The ministry still forecasts that coffee export turnover this year will exceed USD5 billion, even USD6 billion thanks to high prices.
