The volume of coffee exports decreased nearly 23 percent since the beginning of 2017, dragging down overall revenue from overseas shipments of the products.
A farmer works at a coffee plantation in the Central Highlands province of Kon Tum (Photo: VNA)
Hanoi (VNA) – The volume of coffee exports decreased nearly 23 percentsince the beginning of 2017, dragging down overall revenue from overseasshipments of the products.
Statisticsshowed that Vietnam exported 1.17 million tonnes of coffee for 2.69 billion USDin the first 10 months of this year, with the US and Germany being the topmarkets.
Coffeeprices have soared by 28.5 percent, but the local sector has yet to seize theopportunity.
TheMinistry of Agriculture and Rural Development recommended coffee-plantedlocalities to invest in high-capacity processing and stocking models and not todeliberately expand plantations.-VNA
Major agricultural products enjoyed a rise in export value in the first half of this year despite a fall in volume, according to the General Department of Vietnam Customs.
Vietnam exported 974,712 tonnes of coffee from January 1 to August 15 this year, a reduction of 16.4 percent from the same period last year, earning 2.22 billion USD in value, up 7.9 percent, according to Vietnam’s Customs.
In the 2016-2017 crop, coffee exports were projected to drop about 20 percent compared to the previous one, but turnover could be equivalent as export prices have risen 30 percent due to global supply
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A farmer works at a coffee plantation in the Central Highlands province of Kon Tum (Photo: VNA) 
