Coffee export earns $2.28 bln this year, as of March 15
The average export price skyrocketing to $5,614 per ton, up 73% year-on-year.
Vietnam's coffee exports earn over $694 mln in January
Average export price hitting $5,181 per ton.
Coffee export price hits three-decade high
Price for 2022-2023 crop stands at $2,682 per ton.
Annual coffee exports expected to reach 1.718 million tons
Exports to Italy, US, Japan, Russia, Algeria, Netherlands, and Mexico have reported increases this year.
Infrastructure development to support coffee growing areas in central highlands
Construction is underway of infrastructure needed to fully develop high-quality coffee growing areas.
Trung Nguyen opens office in South Korea
Trung Nguyen Legend has opened its first representative office in Seoul.
Coffee exports to suffer from falling prices
According to the General Department of Customs, coffee export turnover in the first half of the year reached $2.3 billion, a 48.5 per cent increase year-on-year. However, as inflation has hit many countries around the world and international currencies have been weakened, coffee prices have fallen since the beginning of July, signaling that export turnover in the second half of the year will likely decline.
Coffee productivity 3 times higher than world average
According to the Ministry of Agriculture and Rural Development, thanks to replanting efforts, Vietnam’s coffee yield now stands at 2.8 tons per ha, or three times higher than the world average. The Ministry has set a target of the country replanting 75,000 ha and grafting 32,000 ha of coffee from now to 2025. Coffee productivity after replanting and grafting is expected to reach 3.5 tons per ha and boost incomes by 1.5 to 2-times compared to before replanting.