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Vietnam exports 3.5 billion USD worth of coffee in 2018

Vietnam exported more than 1.8 million tonnes of coffee worth some 3.54 billion USD in 2018, year-on-year rises of 20 percent and 1.2 percent respectively.
Vietnam exports 3.5 billion USD worth of coffee in 2018 ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - Vietnam exported morethan 1.8 million tonnes of coffee worth some 3.54 billion USD in 2018,year-on-year rises of 20 percent and 1.2 percent respectively.

The average export price of coffee reached 1,883USD per tonne, down 15.7 percent versus 2017.

The Ministry of Industry and Trade forecastsVietnam will face difficulties in exporting coffee in the first half of 2019due to low global prices and declining domestic coffee output.

According to the Vietnam Coffee – CocoaAssociation, Vietnam’s coffee output in the 2018 crop declined by about a fifthdue to the impact of climate change and conversion to growing more high-yieldcrops.-VNA

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