Business

Vietnam’s coffee exports jump to record high of 1.8 million tonnes

Vietnam exported a record high of nearly 1.8 million tonnes of coffee during the 2017-2018 crop, 12.7 percent higher than the previous one, the Vietnam Coffee-Cocoa Association (VICOFA) has said.
Vietnam’s coffee exports jump to record high of 1.8 million tonnes ảnh 1Coffee harvest in the Central Highlands province of Dak Lak (Photo: VNA)

Hanoi (VNA) – Vietnam exported a record high of nearly 1.8 milliontonnes of coffee during the 2017-2018 crop, 12.7 percent higher than theprevious one, the Vietnam Coffee-Cocoa Association (VICOFA) has said.

During the crop,which runs from October 2017 to September 2018, Vietnam shipped more than 29.9million bags of coffee abroad and earned 3.48 billion USD. As prices of coffeebeans has plunged to the lowest in the last 50 years, with each tonne beingsold at 1,943 USD, 3.43 percent lower than the previous crop, the SoutheastAsian country only experienced a slight increase of 8.43 percent in exportturnover.

According to the Ministry of Agriculture and Rural Development, some 1.57million tonnes of coffee were sold abroad for 2.98 billion USD during the January-Octoberperiod, up 21.3 percent in volume and 0.9 percent in value as compared to thesame time last year.

The average coffee price in the ten-month period fell 16.2 percent to 1,901 USDper tonne.

Germany and the US remained the biggest coffee importers of Vietnam, withmarket share of 12.5 percent and 9.6 percent, respectively. Coffee shipments toGermany rose 14.4 in terms of volume, but decreased 6.6 percent in value.Meanwhile, coffee exports to the US declined 3.6 percent in quantity and 20percent in value.

The International Coffee Organisation (ICO) said that coffee production duringthe 2017-2018 crop was estimated to grow 5.7 percent to 164.81 million bags.Brazil was the largest coffee producer in the period, followed by Vietnam andIndonesia.

Coffee supply was 2.58 million bags higher than demand, pulling coffee price downto 111.51 US cents per pound from 132.43 US cents per pound recorded in the2016-2017 crop. Currently, coffee volume remains high in stocks of manyimporters, ICO said.

Since mid-October,Vietnamese coffee bean has been sold at around 35,600-36,700 VND perkilogramme, which goes up slightly but is still lower than average prices of theprevious years.

Vietnam’s coffee scarcity and Indonesia’s export limitation sparked an increasein coffee prices, experts said, but there is no bright prospect for coffeeprices in the 2018-2019 crop due to abundant supply.-VNA
VNA
#record high #1.8 million tonnes of coffee #2017-2018 crop #Vietnam Coffee-Cocoa Association (VICOFA) #average coffee price #International Coffee Organisation (ICO) #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Coffee exports rise, but value stagnates

Coffee exports rise, but value stagnates

Vietnam exported 1.46 million tonnes of coffee worth 2.77 billion USD in the first three quarters of 2018, an increase of 20.1 percent in volume and 0.4 percent in value compared to the same period last year.
Pyrolysis technology improves coffee quality

Pyrolysis technology improves coffee quality

The pyrolysis technology applied in coffee production in the Central Highland province of Dak Lak has shown efficiency in reducing greenhouse gas emission and improving product quality, a survey of the United Nations Industrial Development Organisation (UNIDO) said on November 7.

See more

The year 2025 has seen the coffee industry form an ecosystem of responsible production, stretching from raw-material regions to processing stages, helping lay the foundation for sustainable growth in the years ahead. (Photo: VNA)

Coffee exports likely to exceed 8 billion USD this year

The Ministry of Agriculture and Environment reported that Vietnam sold 1.3 million tonnes of coffee overseas for 7.41 billion USD between January and October, up 61.8% year-on-year and marking the highest annual value increase to date. The average export price reached 5,653 USD per tonne, a surge of 42.5% from the same period last year. Several markets posted outstanding growth, particularly Mexico, where export value jumped by 34.7 times.

Aero K operates the Cheongju (CJJ) - Cam Ranh (CXR) route from November 2025 (Photo: VOV)

Another Korean airline opens direct route to Nha Trang

Aero K said that Nha Trang is its second destination in Vietnam after central Da Nang city. The airline has been steadily expanding routes to Japan, Taiwan (China), and Southeast Asian countries, increasing its international flights for the RoK’s central region.

Ambassador Nguyen Minh Nguyet (second from left) and representatives of associations and diplomatic corps in Sofia. (Photo: published VNA)

Vietnamese companies join Interfood & Drink 2025 in Bulgaria

The Vietnamese booth features a range of signature products including coffee, tea, fruit juices, traditional confectionery and natural functional foods that match the growing demand in Southeast Europe for healthy, natural and traceable products.

Minister Counsellor Pham Quang Huy, Deputy Head of Vietnam’s Permanent Mission to Geneva (R) and Andrey Eydlin of the St. Gallen Endowment, at the working session (Photo: VNA)

Swiss endowment supports Vietnam in trade defence capacity building

Minister Counsellor Pham Quang Huy, Deputy Head of Vietnam’s Permanent Mission to Geneva, has chaired a working session on the Global Trade Alert (GTA) tool with representatives from the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade and Andrey Eydlin of the St. Gallen Endowment.

Participants at the forum. (Photo: VNA)

Vietnam moves to tap “silver economy” as ageing accelerates

At a national forum on the silver economy in Vietnam on November 14, Politburo member and Director of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang said the country must shift from viewing ageing as a welfare burden to recognising older people as an economic asset.

Participants at the official technical negotiation session between Vietnam and US (Photo: VNA)

Vietnam, US conclude 5th round of reciprocal trade agreement talks

In the closing session, representatives from the Office of the US Trade Representative (USTR) and the Vietnamese negotiating team stated that the talks yielded positive results, laying a favourable foundation for the early conclusion of the Vietnam – US Reciprocal Trade Agreement.

At a ceremony to announce the cooperation agreement between VIPTAM Group, Inlog and partners (Photo: VNA)

New social-commerce model targets 50 billion USD in Vietnam–US trade

VIPTAM Technology Group JSC (VIPTAM Group) has officially established long-term strategic trade partnerships with major international brands, introducing a new model to promote bilateral trade between Vietnam and the US through VDONE Network, a multimedia social platform developed by the group.

Seafood section with a wide range of products. (Illustrative photo: VNA)

Processed seafood industry seeks stronger foothold in domestic market

As seafood exports face growing challenges from the global economic slowdown, technical barriers in importing markets, and rising input costs, developing the domestic market is increasingly seen as a strategic direction to stabilise production, maintain supply chains, and reduce dependence on external markets.

Party General Secretary To Lam (R) receives China’s Luxshare-ICT Group Vice Chairman Wang Laisheng in Hanoi on November 15. (Photo: VNA)

Party Chief receives Vice Chairman of China’s Luxshare-ICT Group

Party General Secretary To Lam affirmed that the Party and State consistently welcome foreign enterprises to invest and succeed in Vietnam, pledging equal treatment for all investors and continued efforts to improve the business environment towards greater fairness, transparency and convenience.

Illustrative photo (Photo: VNA)

Vietnam Online Shopping Day – Online Friday 2025 opens

Vietnam Online Shopping Day – Online Friday 2025 is not only the biggest online shopping event of the year, but also spreads the message of smart, responsible and sustainable consumption, contributing to promoting the strong development of Vietnam's digital economy in the new era.

Thi Khui, Director of Bu Lach Organic Cashew Cooperative, signs a cashew purchasing cooperation agreement with a representative of Intersnack Vietnam Cashew Company Limited. (Photo: Dong Nai Newspaper)

Ethnic woman grows cashew cooperative's international success

With strong support from local authorities, Khui persuaded 165 farming households to adopt organic cultivation practices. The cooperative now oversees a raw material area of 1,000 hectares, establishing a solid foundation for large-scale organic production.