Coffee exports surge by nearly 50% in first half
VOV.VN - Vietnam exported 1.03 million tonnes of coffee worth over US$2 billion during the first half of the year, representing a year-on-year rise of 21.7% in volume and 49.7% in value, according to the General Department of Vietnam Customs.
June alone witnessed the country ship 145,000 tonnes of coffee worth US$335 million, marking a rise of 13.3% in volume and 34.7% in value compared to the figures recorded in June of last year.
The average export price of local coffee stood at an estimated US$2,309 per tonne, up 1.3% compared to May and 18.9% higher than June, 2021, thereby bringing the six-month export price to US$2,258 per tonne, up 23.1% annually.
Furthermore, global coffee prices dropped in late June compared to the end of May as a result of pressure from tight monetary policies and an abundance of supply sources.
In contrast, the domestic price of Robusta coffee in late June increased sharply in comparison to the end of May.
On June 28, the price of Robusta coffee within the domestic market rose from VND900 to VND1,000 per kilo to reach the highest level of VND42,900 per kilo.
