4:12:11 PM | 8/5/2009
Central highlands Dak Lak province shipped abroad only 125,000 tons of coffee worth US$192 million in the first four months of 2009, down more than 30 per cent on year.
Consecutive falls of coffee price in the world market to only US$1,436/ton was blamed for the revenue decrease, that also pulled domestic coffee price down to VND23,000/ton.
Meanwhile, the last year prices were VND2,355/ton, and VND34,000/ton, respectively.
Dak Lak is one of the biggest coffee growing provinces in Vietnam with more than 182,000 hectares. Of which 173,000 hectares are harvestable with annual output of 400,000-440,000 tons.
The province planned to keep the area stable at 140,000 hectares in 2015 with output of 400,000 tons. (The People)