Vietnam is seeing a surge in the price of its coffee exported to the US (Photo: VNA)According to the Ministry of Industry and Trade’s Import-ExportDepartment, in the first five months of 2022, Vietnam shipped 50,580 tonnes ofcoffee to the US for 124.95 million USD, down 2.9% in volume, but up 23.6% invalue year-on-year.
In the period, Vietnam earned 2,470 USD per tonne, up 27.2%compared to that in the same period last year.
Experts forecast that in the 2020 - 2025 period, the UScoffee market will grow at an average rate of 4.8%. The main factors drivingthe growth of the market are increasingly hectic lifestyle and long workinghours, which make coffee chains in the country more popular among consumers.
The opportunity is big, the Import-Export Department stressed, however,advising exporters to pay attention to the US’s production standards, includingFairtrade USDA, Organic, Rainforest Alliance/UTZ Certified, Bird Friendly,Carbon Neutral, Organic và Direct Trade./.
VNA
