Vietnam continues to be ranked among the "coffee powerhouses" in the world, supplying a total of 1.63 million tonnes to both the domestic and international markets in 2023.
Coffee exports are expected to reach an estimated 2.9 billion USD in the first five months of this year, representing a rise of 43.9% over the same period last year on rising prices despite a drop of 3.9% in volume to 833,000 tonnes, according to the Ministry of Agriculture and Rural Development.
The Thai coffee market continues to grow, both in terms of domestic consumption and processing for export, driven by consumer lifestyles.
Coffee prices continued to rise sharply on June 5, ranging from 122,000 - 123,500 VND (4.8-4.86 USD) per kilogramme in the Central Highlands – the largest coffee growing area in the country.
Vietnam's coffee export value to Spain have increased by more than 100%, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
