Illustrative image (Source: VNA)Hanoi (VNA) – Coffeeexports in November saw a 13.9 percent decrease in volume to 120,000 tonnes,earning 207 million USD, a drop of 20.4 percent compared to the same periodlast year.
According to statistics of theGeneral Department of Vietnam Customs, the volume of coffee shipments abroad inthe January-November period came to 1.473 million tonnes, down 14.6 percent,while export value also experienced a 22.2 percent decrease to nearly 2.54billion USD.
The total export volume for theentire 2019 is estimated at 1.57 million tonnes, and the value at 2.7 billion USD, falling16.57 percent and 21.17 percent, respectively, from 2018.
Do Ha Nam, former Vice Chairmanof the Vietnam Coffee-Cocoa Association, said the reductions are attributableto falling coffee prices in the world market in line with the 10-year cycle.Previously, 2010 was also a bad year for coffee exporters.
He added that although coffeeprices began to pick up in early December, the situation remains gloomy forVietnamese coffee growers as some big exporting countries like Brazil have reportedgood harvest.
Nam called on the industry toexpand instant coffee production to make use of tariff incentives offered bybilateral and multilateral free trade agreements that Vietnam has signed./.
VNA
