Vietnam Coffee Exports Skyrocket in 2 Months

Vietnam gained USUS$565 million from exporting coffee in the first two months this year, soaring 222.8 per cent year-on-year partly due to higher world prices, according to the Government Statistics Office (GSO).

 

The country shipped abroad 394,000 tons of coffee during the period, mainly to the European Union, the United States, Japan and Singapore, pushing total volume up 149.9 per cent.

 

Vietnam, the world’s second biggest coffee exporter after Brazil, is diversifying coffee products for export, partaking more actively in international coffee trading floors, and applying more advanced farming and processing techniques.

 

Local farmers and enterprises should join hands to grow and process coffee on a larger scale by employing more advanced equipment and technologies, the association said, noting that many coffee exporters in Vietnam are weak in terms of finance, trade expertise, and information analysis capability.

 

Last year, Vietnam exported 897,000 tons of coffee totaling USUS$1.1 billion, seeing respective increases of 0.5 per cent and 49.9 per cent against 2005. (Labour)