Việt Nam’s coffee exports exceeded the US$5 billion mark for the first time in the 2023-2024 crop year that lasted from October 1, 2023 to September 30, 2024.
Coffee exporting enterprises and authorities need to build an ecosystem to effectively utilise free trade agreements (FTA) to develop the industry, experts have said.
Vietnamese coffee exports to the Spanish market, in the first four months of this year increased 53.7 per cent in volume and 136.6 per cent in value, compared to the same period last year.
Despite its small population, Singapore''s coffee imports are relatively large, but Vietnamese exports to it remain modest, leaving ample room for expansion, according to the Vietnam Trade Office in that country.
With the current export prices standing at $2,955 per tonne, reflecting a 35.2 per cent uptick from the previous year, Vietnamese coffee export companies were said to have secured substantial orders in the first quarter of 2024.
Việt Nam''s coffee exports to Japan are displaying positive trends, buoyed by rising selling prices amidst Japan''s reduced coffee imports from global sources.
As of the start of 2023, domestic coffee prices have risen by approximately 20 per cent since the end of 2002, reaching VND48,000 per kg (equivalent to US$2.05 per kg) and inching closer to the peak recorded in August of...
Viet Nam exported 7,420 tonnes of coffee worth US$18.77 million to the Netherlands in the first two months of the year, up 93.1 per cent in volume and 105.7 per cent in value year on year, according to the General...
Despite inflation and difficulties in trade, Viet Nam''s coffee exports recorded strong growth, according to experts, who expect a record US$4 billion in export value this year.