Experts believe that European Union’s Regulation on Deforestation-free Products (EUDR) compliance will not only elevate export standards but also provide an opportunity to transform Vietnam’s agriculture, making it more sustainable and transparent, and aligning it with the country’s international commitments to green growth.
VOV.VN - The export price of Vietnam’s Robusta coffee beans in the first half of September increased sharply and far exceeded the export price of Arabica coffee beans by nearly US$1,000 per tonne, according to the Vietnam Coffee and Cocoa Association (VICOFA).
At the beginning of the week, coffee prices continued their downward trend, averaging at VND118,400 (US$4.75) per kilo in the Central Highlands - the largest coffee growing area in the country, according to giacaphe.com.
Coffee export turnover to most traditional markets has increased sharply since the beginning of the year.
Vietnam's coffee exports has topped US$3 billion so far this year.
The Ministry of Agriculture and Rural Development said that Vietnam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20% compared to the previous crop year, to 1.47 million tonnes, the lowest in four years, putting pressure on Robusta supply in the world market.
New records have continuously been set in the prices of coffee in Central Highlands localities recently, now standing at over VND90,000 (US$3.65) per kilo.
VOV.VN - Coffee farmers are advised to cash in on export shipments as coffee prices are on the rise in the global market.
Vietnam shipped 1.61 million tonnes of coffee abroad in 2023, earning US$4.18 billion, down 9.6% in volume but up 3.1% in value year-on-year.
VOV.VN - Vietnam’s Robusta coffee exports to the Japanese market during the initial eight months of the year witnessed a double-digit growth rate compared to the same period from last year, according to statistics from the General Department of Vietnam Customs.