Coffee exports to Indonesia and Algeria enjoy three-digit growth
VOV.VN - Despite coffee exports to several markets seeing a decline in the first half of the year, coffee exports to Algeria and Indonesia witnessed a three-digit growth compared to the same period from last year, according to statistics compiled by the General Department of Vietnam Customs.
Vietnamese coffee exports throughout the reviewed period reached over one million tonnes, worth US$2.39 billion, representing a fall of 3.1% in volume but a rise of 2.3% in value against the same period from last year.
The average export price of Vietnamese coffee surged by 5.2% to US$2,374 per tonne, up 5.2% compared to last year’s corresponding period.
While coffee exports to Germany, Japan, Spain, and Belgium experienced a downward trajectory, exports to Italy, the United States, Russia, Algeria, Indonesia, and the Netherlands all saw robust growth.
Most notably, coffee exports to the Indonesian and Algerian markets during the six-month period soared by 161.5% and 115.1% to US$82,079 million and US$92,138 million on-year, respectively.
According to industry insiders, global coffee prices are expected to decline over the short term due to concerns regarding a shortage of supply sources, with Vietnam’s coffee output during the year-end harvest decreasing by about 10%.
