Coffee exports hit US$2.25 billion

VOV.VN - Vietnam shipped 1.27 million tons of coffee during the first eight months of this year to rake in US$2.25 billion, up nearly 40% in volume and 20.7% in value against last year’s corresponding period, according to the Ministry of Agriculture and Rural Development.

coffee exports hit us$2.25 billion hinh 0
The export price in seven months averaged US$91.754 per ton, down 14.5% from the same period last year.

Germany and the US remained the two largest consumer of Vietnam coffee with market shares of 15% and 13%, respectively.

Vietnam Coffee and Cocoa Association (VICOFA) reported that despite sharp increase in export revenue, most Vietnam coffee products for exports are raw materials with low added value.

Additionally, poor management of the quality of products in terms of safety and hygiene is a burning issues facing the coffee industry, it said while asking management agencies to intensify strict supervision over food hygiene and safety in the coming time.
VOV

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