Dong Nai: Coffee export volume increases twofold

(VOV) -The southern province of Dong Nai has exported 100,000 tonnes of coffee in the first four months of the year, a two-fold increase compared to the same period last year, according to the provincial statistics office.

Dong Nai’s largest coffee consumers are the US, Germany and some other European countries.

The Tin Nghia Corporation is the largest coffee exporter in the province, shipping abroad 55,000 tonnes in the reviewed period alone.

Quach Van Duc, chairman of the corporation, said the price of export coffee remains stable at about US$2,100 per tonne, while the domestic price of coffee beans hovers around VND41,000-43,000 per kilo.

Duc said the Standard Chartered Bank has recently signed a sponsorship deal worth US$22 million with the corporation, enabling it to export coffee to European and Asian markets. It plans to raise its total coffee output for export from 100,000 tonnes to 140,000 tonnes in this 2013-2014 crop season.