Coffee exports to Mexico fall 19%
(VOV) - Vietnam shipped more than 30,700 tonnes of coffee to Mexico in the past 10 months, earning US$63 million or down 19% against the same period last year.
The Ministry of Industry and Trade (MoIT) said coffee is one of its five key export items to Mexico with the highest turnover.
Despite the world’s economic downturn and market fluctuations, coffee exports to this market remained steady.
In 2013, the export price of coffee increased slightly by 2.3% over 2012 and declined by 4% compared to 2011’s peak season. It currently hovers around US$1,950-2,110 per tonne.
Vietnam is the world’s second largest coffee exporter. However, its coffee exports fell by 24% in volume and 23.9% in value during January-October 2013.