Vietnam’s coffee: high export volume, modest export value - News Summed Up

Vietnam’s coffee: high export volume, modest export value


Vietnam’s coffee: high export volume, modest export valueVietNamNet Bridge - Vietnam is the world’s second largest coffee exporter, after Brazil. However, Vietnam’s coffee export value remains moderate as exports are mostly coffee beans, or unprocessed coffee. These were the lowest export volume and export value since 2010-2011.The 2014-2015 crop also witnessed the sharpest export decrease in many years. Reuters in August 2013 reported that Vietnam’s coffee industry was in crisis due to bad management, high bank loan interest rates and tightened credit.Cafebiz Both the export volume and value dropped dramatically by 23 percent and 22 percent, respectively, compared with the previous crop.In the first six months of 2016, from January 1 to June 15, Vietnam exported 906,000 tons of coffee.


Source: VietNamNet News July 16, 2016 03:00 UTC



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