A sharp rise in export prices has been the major reason behind a surge in the export revenue of Vietnamese coffee sector so far, according to the Việt Nam Coffee-Cocoa Association (Vicofa).
A scarcity in supply has drawn the attention of corporations and businesses involved in processing and importing to focus on cocoa-growing regions in Việt Nam.
Việt Nam’s coffee export volume in the 2023-24 season is likely to be lower than a year ealier due to a in output, no carry-over stock and growing local demand, and export prices will remain high, according to the Việt...
As a major coffee exporter to the EU, Việt Nam should get prepared for the deforestation law to maintain and expand coffee export to the block, raising the pressing need for digitalization of the value chain.
Domestic and international demand for Vietnamese coffee continues to grow, thanks in no small part to the Viet Nam Coffee and Cocoa Association (Vifoca), who are determined to ensure that this trend continues.
Viet Nam''s coffee exports and consumption in the 2019 – 2020 period have taken a hit compared to the same period last year due to the impact of COVID-19.
Viet Nam needs policies encouraging the development of cocoa trees with a focus on productivity and quality instead of output for the sustainable development of the cocoa industry.
Though Viet Nam is the worlds largest producer of robusta coffee, the industry faces several challenges in the country which threaten its long-term development, according to the Ministry of Agriculture and Rural Development.
Viet Nam exported more than 1.8 million tonnes of coffee worth US$3.54 billion in 2018, marking year-on-year rises of 20 per cent and 1.2 per cent respectively.