Vietnam the worlds second-largest coffee producer
Vietnam is the world's second-largest coffee producer, with output of 29 million 60-kg bags in 2020, just behind Brazil, and has the highest coffee yield in the world.
According to the World Coffee Organization, in 2020, the total global coffee production is 169.6 million bags (60 kg/bag), of which 87% come from the top 10 largest coffee producing countries in the world.
Only five countries including Brazil, Vietnam, Colombia, Indonesia and Ethiopia account for 75% of the total global coffee production in 2020.
Vietnam ranks second globally with an output of 29 million bags in 2020. In addition, Vietnam is also the country with the highest coffee yield in the world with 2.4 tons per hectare, almost twice as much as Brazil (1. 0.4 tons/hectare) and far ahead of other countries in the top 10 such as Honduras (0.9 tons/hectare), Colombia (0.9 tons/hectare), Ethiopia (0.7 tons/hectare) or Indonesia (0, 5 tons/hectare).
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Agriculture struggling amid pandemic The agriculture sector is considered a main pillar of Vietnam's economy but has been hit hard by the Covid-19 pandemic.
Agri imports and exports up handily Total import and export turnover in the agriculture, forestry, and fishery sector in the first eight months of this year stood at over $60.9 billion
Export coffee price at 3-year high The average export price of Vietnamese coffee reached $2,012 per ton in August, the highest level since November 2018.
