Vietnam’s coffee export revenue is likely to surpass $8 billion in 2025, far earlier than the original target of 2030, according to the Vietnam Coffee – Cocoa Association (Vicofa).
The association was quoted by the Vietnam News Agency as saying that the projection is grounded in three key factors: improved product quality, a rising proportion of deeply processed products, and market expansion based on long-term strategic planning.
Vietnam exported 1.3 million tons of coffee in the first ten months of the year, earning $7.41 billion, up 61.8% year-on-year and marking the highest annual value increase to date, figures from the Ministry of Agriculture and Environment show.
The average export price reached $5,653 per ton, a 42.5% surge from the same period last year. Several markets posted outstanding growth, particularly Mexico, where export value jumped by 34.7 times.
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