Coffee exports up in volume, value
Thursday, 17:49, 29/05/2014
(VOV) - Vietnam fetched US$1.96 billion from exporting 966,000 tonnes of coffee in the first five months of the year, up 36.7% in volume and up 29% in value over the same period last year.
According to the Ministry of Agriculture and Rural Development (MARD), Vietnam exported 154,000 tonnes of coffee in May alone, grossingUS$336 million in total export revenue.
During the period, the average export price of coffee was US$2.001 per tonne.
Germany and the US continued to be the two largest consumption markets for Vietnamese coffee with market shares reaching 14.08% and 9.62% respectively.
Meanwhile, Belgium and France posted the strongest growth rate, as coffee imports into the European nations doubled compared to last year’s first four months.
MARD has forecast that Vietnam will produce around 1.75 million tonnes of coffee in the 2014-2015 season, a slight increase against the 2013-2014 period (1.74 million).