An official of the Vietnam Coffee and Cocoa Association (VICOFA) said that, during the 2023-2024 crop year, Vietnam exported about 1.46 million tons of coffee, a 12% decrease compared to the previous crop year.
Despite the reduced volume, the export value soared by over 33%, reaching 5.43 billion USD, marking the highest level ever in a coffee season.
This was also the first time that Vietnam’s coffee exports in a single season surpassed the 5 billion USD, thanks to the hiked prices.
According to the General Department of Customs, in September alone, the average export price of Vietnamese coffee reached 5,469 USD per ton, the highest ever so far, up 5.8% from the previous month, and 68.7% compared to last September./.
