Home / / Agrinews

Coffee exports suffer strong drops

Coffee exports suffer strong drops
Author: VNA
Publish date: Monday. February 3rd, 2020

Hanoi – Coffee exports in November saw a 13.9 percent decrease in volume to 120,000 tonnes, earning 207 million USD, a drop of 20.4 percent compared to the same period last year.

According to statistics of the General Department of Vietnam Customs, the volume of coffee shipments abroad in the January-November period came to 1.473 million tonnes, down 14.6 percent, while export value also experienced a 22.2 percent decrease to nearly 2.54 billion USD.

The total export volume for the entire 2019 is estimated at 1.57 million tonnes, and the value at 2.7 billion USD, falling 16.57 percent and 21.17 percent, respectively, from 2018.

Do Ha Nam, former Vice Chairman of the Vietnam Coffee-Cocoa Association, said the reductions are attributable to falling coffee prices in the world market in line with the 10-year cycle. Previously, 2010 was also a bad year for coffee exporters.

He added that although coffee prices began to pick up in early December, the situation remains gloomy for Vietnamese coffee growers as some big exporting countries like Brazil have reported good harvest.

Nam called on the industry to expand instant coffee production to make use of tariff incentives offered by bilateral and multilateral free trade agreements that Vietnam has signed.


Related news

Coffee price crisis hits Vietnamese export value Coffee price crisis hits Vietnamese export value

Việt Nam's coffee industry had suffered from falling export prices, according to the Việt Nam Coffee and Cacao Association.

Monday. February 3rd, 2020
Five-fruit trees, plants shaped like rats popular for Tết Five-fruit trees, plants shaped like rats popular for Tết

Farmers in the Cửu Long (Mekong) Delta are growing new flower and plant varieties such as five-fruit trees and rat-shaped plants for the upcoming Tết

Monday. February 3rd, 2020
Farmers face early salt water intrusion in Vĩnh Long Farmers face early salt water intrusion in Vĩnh Long

Farmers and agricultural officials in Vĩnh Long Province in Mekong Delta are rushing to prevent the worse impacts of an early saline intrusion.

Monday. February 3rd, 2020