Illustrative image (Photo: cafef.vn)HCM City (VNA) - The 2017-18 coffeecrop is expected to yield around 1.4 million, which is equal to or slightlylower than last year’s harvest, according to the Vietnam Coffee and CocoaAssociation.
Nguyen Nam Hai, deputy chairman of theassociation, said the annual coffee crop would enter the harvest season inOctober or November.
If the weather is favourable this year, CentralHighlands’ provinces, which account for more than 90 per cent of the country’scoffee cultivation area, will have 1.3 million tonnes of coffee.
Last year, the region encountered a severedrought but this year coffee gardens have had enough water for irrigation.
But because coffee farms have many old trees,coffee output is expected to remain about the same last year, he said.
Coffee prices in the domestic market reached apeak in January when a kilo of coffee sold for 47,000 VND.
The price was 43,000-43,500 VND a kilo on May 19depending on locality, a reduction of 200 VND from the preceding day.
Vietnam’s coffee exports in the 2016-17 crop(which ran from October last year to September this year) will reach1.4-1.5 million tonnes, Hai said.
As of April 30, the country exported more than960,000 tonnes of coffee, he said.
According to the Ministry of Agriculture andRural Development, enterprises exported 1.79 million tonnes of coffee for avalue of 3.36 billion USD last year, a year-on-year increase of nearly 34 percent in volume and 24 per cent in value.
The average export price was 1,872 USD a tonne,a reduction of 6 percent over 2015.
The average export price reached 2,267 USD atonne in the first quarter of this year, up 33 per cent over the same periodlast year, according to the ministry’s figure.
The country earned 1.34 billion USD fromexporting 592,000 tonnes of coffee in the first quarter, an increase of 19 percentin value but a reduction of 11 percent in volume.-VNA
Nguyen Nam Hai, deputy chairman of theassociation, said the annual coffee crop would enter the harvest season inOctober or November.
If the weather is favourable this year, CentralHighlands’ provinces, which account for more than 90 per cent of the country’scoffee cultivation area, will have 1.3 million tonnes of coffee.
Last year, the region encountered a severedrought but this year coffee gardens have had enough water for irrigation.
But because coffee farms have many old trees,coffee output is expected to remain about the same last year, he said.
Coffee prices in the domestic market reached apeak in January when a kilo of coffee sold for 47,000 VND.
The price was 43,000-43,500 VND a kilo on May 19depending on locality, a reduction of 200 VND from the preceding day.
Vietnam’s coffee exports in the 2016-17 crop(which ran from October last year to September this year) will reach1.4-1.5 million tonnes, Hai said.
As of April 30, the country exported more than960,000 tonnes of coffee, he said.
According to the Ministry of Agriculture andRural Development, enterprises exported 1.79 million tonnes of coffee for avalue of 3.36 billion USD last year, a year-on-year increase of nearly 34 percent in volume and 24 per cent in value.
The average export price was 1,872 USD a tonne,a reduction of 6 percent over 2015.
The average export price reached 2,267 USD atonne in the first quarter of this year, up 33 per cent over the same periodlast year, according to the ministry’s figure.
The country earned 1.34 billion USD fromexporting 592,000 tonnes of coffee in the first quarter, an increase of 19 percentin value but a reduction of 11 percent in volume.-VNA
VNA
