Home Commodities

Coffee exports hit $2.66 billion

Sep 4th at 11:52
04-09-2012 11:52:43+07:00

Coffee exports hit $2.66 billion

Coffee exports in the first eight months of this year are estimated to reach 1.26 million tonnes, earning US$2.66 billion, up by 31.9 per cent in volume and 26.3 per cent in value against the same period last year.

The Ha Noi Moi (New Ha Noi) newspaper reports the two biggest import markets for Vietnamese coffee, the United States accounting for 12.5 per cent of Viet Nam's export value and Germany, 12.4 per cent, are continuing to grow both in volume and value.

Within the review period, exports to Indonesia have risen 9.5 times and to Mexico nearly 3.5 times more.

According to the Viet Nam Coffee and Cacao Association, coffee exports may fall in the future due to supply shortages.

However, exports can expect to see a sharp increase once the next crop is harvested in late 2012

vietnamnews

MOST READ

NEWS SAME CATEGORY

Overproduction prompts Vietnam to consider exporting urea
COMMODITIES Sep 3rd at 10:17

Overproduction prompts Vietnam to consider exporting urea

Vietnam, the country which once relied completely on urea imports, has turned into the country suffering the overproduction, which has forced it to think of...

Rice export target within reach, despite challenges
COMMODITIES Sep 1st at 13:10

Rice export target within reach, despite challenges

Rice exports were up to expectations despite many difficulties in the world rice market, said experts.

Vinacomin coal development plan okay
COMMODITIES Sep 1st at 13:02

Vinacomin coal development plan okay

The Viet Nam National Coal, Mineral Industries Holding Group (VINACOMIN) said the Government has approved coal development planning by 2020 which allows the group...

Cooking gas prices increase by $2.50
COMMODITIES Sep 1st at 13:01

Cooking gas prices increase by $2.50

Gas retailers in the city said gas prices would be raised by VND51,000 to an average price of VND420,000 per 12kg canister as of today.

Coffee Harvest In Vietnam Set To Drop From Record On Weather
COMMODITIES Aug 31st at 23:15

Coffee Harvest In Vietnam Set To Drop From Record On Weather

Coffee production in Vietnam, the biggest grower of the robusta variety used in instant drinks and espressos, is poised to decline from a record on drier weather in...

Gold demand remains strong
COMMODITIES Aug 31st at 13:02

Gold demand remains strong

Although gold prices saw no strong fluctuations, demands for the precious metal kept rising in the country on Wednesday, again widening the gap between global and...

Chinese grapes, potatoes come under strict scrutiny
COMMODITIES Aug 31st at 12:59

Chinese grapes, potatoes come under strict scrutiny

 As of the beginning of September, grapes and potatoes imported from China will be closely monitored and supervised for food hygiene and safety standards, the...

Cashew paradox: farmers cut trees, firms import
COMMODITIES Aug 30th at 13:18

Cashew paradox: farmers cut trees, firms import

While local farmers have been jostling to chop down their cashew trees due to dirt cheap prices, cashew manufacturers have had to import half of the raw materials...

Do not let wholesalers determine fuel prices
COMMODITIES Aug 30th at 13:13

Do not let wholesalers determine fuel prices

More than a month ago local fuel wholesalers were granted the right to determine fuel retail prices through their own initiative, and consumers have since had to...

SJC reprocesses 45,000 taels of gold
COMMODITIES Aug 29th at 13:17

SJC reprocesses 45,000 taels of gold

Saigon Jewelry Holding Co. (SJC) finished reprocessing over 45,000 taels of deformed gold bars on Monday, replenishing gold supply in the market, said a senior...

Read More

Commodity prices

MOST READ

Back To Top