Coffee exports touch over $3 billion in turnover

15:06 | 07/12/2014

VGP – Viet Nam shipped 1.6 million tons of coffee in the 2013-2014 crop, according to the Viet Nam Coffee and Cocoa Association (Vicofa).

Illustration photo

The country pocketed US$ 3.3 billion in export revenue, up 17.2% in volume and 12.5% in value.

However, the 2014-15 coffee crop was projected to decline by 20% due to drought and a large proportion of old trees with low yields. 

Viet Nam expects to export 1.4 million tonnes of coffee during 2014-2015, down 200,000 tonnes from the previous crop. 

The industry has set itself a target of increasing the output of instant and roasted coffee to account for 25% of the total by 2020. 

Coffee consumption in the domestic market remains modest, at around 10% of the annual output. 

During the 2014-2015 crop, Vicofa will assist coffee farmers in re-cultivation and call for more business involvement in coffee processing./.

By Khanh Phuong