Prices plunge for coffee exports over five months

VOV.VN - Vietnam exported 825,000 tons of coffee worth US$1.602 billion in the first five months of the year, up 1.8% in volume but down 12% in value from a year ago, according to statistics from the General Statistics Office (GSO).

In the reviewed period, the average price of exported coffee was estimated at US$1,942 per ton, down 13.6% over the same period last year.

According to the Import and Export Department under the Ministry of Industry and Trade, instant coffee exports saw a remarkable 23.5% rise in volume with more than 41,000 tons worth US$160.95 million shipped in the first four months of the year, there was however a 19.6% decline in value.

Although the restructuring of the coffee industry has been largely positive, the value of coffee exports has decreased significantly compared to last year’s corresponding period.

There was a sharp drop in the price of coffee on the domestic market in the first five months of the year.

The price of coffee seedlings fell by VND400-600 to VND35,100-35,500 per kilo over last year,  the lowest level in the past two months.

The Ministry of Agriculture and Rural Development predicts that coffee prices will not rebound in the local market in June as the global supply source looks as if it will remain abundant for the second half of the year.

Weather factors might affect the global supply source in the medium and short-term but will not have a serious impact, says the ministry.

Related

Market to bode well for coffee export
Market to bode well for coffee export

Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1% for domestic yield and 1.3% for global consumption in 2017-18 crop.

Market to bode well for coffee export

Market to bode well for coffee export

Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1% for domestic yield and 1.3% for global consumption in 2017-18 crop.

Coffee export soars in two months
Coffee export soars in two months

Vietnam was estimated to ship 273,000 tonnes of coffee abroad for US$616 million in the first two months of 2017, down 7.3% in quantity but up 22.3% in value compared to the same period last year.

Coffee export soars in two months

Coffee export soars in two months

Vietnam was estimated to ship 273,000 tonnes of coffee abroad for US$616 million in the first two months of 2017, down 7.3% in quantity but up 22.3% in value compared to the same period last year.

Coffee export volumes jump, value falls in Q1
Coffee export volumes jump, value falls in Q1

Vietnam exported 520,000 tonnes of coffee worth US$1 billion in the first quarter of the year, an increase of 15.1 per cent in volume but a decrease of 1.7 per cent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

Coffee export volumes jump, value falls in Q1

Coffee export volumes jump, value falls in Q1

Vietnam exported 520,000 tonnes of coffee worth US$1 billion in the first quarter of the year, an increase of 15.1 per cent in volume but a decrease of 1.7 per cent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.