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.
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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Vietnam expects to export 1.7 million tonnes of coffee this year, earning about 3.5 billion USD, said Chairman of the Vietnam Coffee – Cocoa Association (VICOFA) Luong Van Tu.
Vietnam shipped 74,120 tonnes of coffee beans to Algeria in 2018, earning 132.48 million USD, up 56 percent in volume and 28 percent in value from 2017, the General Department of Vietnam Customs reported.
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Illustrative image (Photo: VNA) 
