January 11, 2019 | 20:52 (GMT+7)
Vietnam exports USD 3.5 billion worth of coffee in 2018
Vietnam exported more than 1.8 million tons of coffee worth some USD 3.54 billion in 2018, year-on-year rises of 20 percent and 1.2 percent respectively.
The average export price of coffee reached USD 1,883 per ton, down 15.7 percent versus 2017.
The Ministry of Industry and Trade forecasts Vietnam will face difficulties in exporting coffee in the first half of 2019 due to low global prices and declining domestic coffee output.
According to the Vietnam Coffee – Cocoa Association, Vietnam’s coffee output in the 2018 crop declined by about a fifth due to the impact of climate change and conversion to growing more high-yield crops.
Source: VNA