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Vietnam’s Coffee Exports Jump To Record High

From en.nhandan.org.vn

Vietnam exported a record high of nearly 1.8 million tonnes of coffee during the 2017-2018 crop, 12.7% higher than the previous crop, the Vietnam Coffee-Cocoa Association (VICOFA) stated.

During the crop, which ran from October 2017 to September 2018, Vietnam shipped more than 29.9 million bags of coffee abroad and earned US$3.48 billion. As prices of coffee beans have plunged to the lowest price in the last 50 years, with each tonne being sold at US$1,943, 3.43% lower than the previous crop, the Southeast Asian country only experienced a slight increase of 8.43 % in export turnover.

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