Topic: Coffee exports

Vietnamese coffee export price hitting new record high of $5,596 per ton in February.

Vietnam—the world's second-largest coffee producer—is renowned for its Robusta beans.

Average export price hitting $5,181 per ton.

This is the highest level ever in a coffee season.

The average coffee export price hitting a record $3,550 per ton in the first half of 2024.

Vietnam exporting 833,000 tons of coffee in 5M, worth $2.9 billion.

In a remarkable start to 2024, Vietnam's coffee industry breaks records in the first two months, signaling a prosperous year ahead.

Exports to Italy, US, Japan, Russia, Algeria, Netherlands, and Mexico have reported increases this year.

Construction is underway of infrastructure needed to fully develop high-quality coffee growing areas.

Figures from the General Department of Vietnam Customs show that coffee exports brought in $2.8 billion in the first eight months of 2022, up 40 per cent over the same period of 2021. The Vietnam Coffee and Cocoa Association (VICOFA) has forecast that if the export price stays at the same high level as in the first half of the year, exports will hit a record $4 billion for the year as a whole. As one of 13 key agricultural products in Vietnam, coffee contributes 3 per cent of GDP.