Vietnam’s coffee exports brought home nearly 4.4 billion U.S. dollars in the first nine months of this year, exceeding the turnover of the whole 2023, VnExpress reported Friday, citing the Ministry of Agriculture and Rural Development.
The nine-month figure went up 40 percent compared to the same period last year thanks to high prices of exported coffee.
Vietnam’s exported coffee was sold averagely at the all-time high of 5,469 dollars per ton in September.
From January to September, the price was reported at 3,897 dollars per ton, an increase of 56 percent year on year.
Among Vietnam’s main export items, coffee has emerged as the agricultural product with the biggest increase in export prices, said the report.
According to the Vietnam Coffee and Cocoa Association, the Southeast Asian country is predicted to face numerous challenges in the 2024-2025 crop due to unfavorable weather conditions. Coffee output is expected to decrease by 5-15 percent.
The ministry still forecasts that coffee export turnover
this year will exceed 5 billion dollars, even 6 billion dollars thanks to high prices.
Source: The Namibia News Agency