Vietnam’s coffee exports beat Brazil
Coffee exports in the past 10 months set a new record at 1.41 million tonnes, earning more than US$3 billion, the Ministry of Agriculture and Rural Development reported.
The 10-month figures showed year-on-year increases of 37.7 percent in volume and 32.7 percent in value.
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The demand of two biggest coffee import markets, the US (accounting for 12.11 percent of Vietnam’s export value) and Germany (12.09 percent) continued to grow.
Also, coffee exported to Indonesia increased 9.4 times in volume and 8.8 times in value, compared to last year’s period.
Vietnam now has surpassed Brazil to become the biggest coffee exporter since the beginning of the third quarter this year, International Coffee Organization statistics show.
Coffee exports were forecast to reach 1.6-1.7 million tonnes this year.
The ministry’s Crop Production Department said Vietnam must continue to focus on coffee quality for the sector to develop sustainably.
The department recommended the application of modern farming techniques and processing technologies, together with the acceleration of promotional activities and trademark protection, to help boost the coffee sector.