Coffee exports this year may hit 4 billion USD

Vietnam has shipped nearly 1.5 million tonnes of coffee worth about 3.2 billion USD so far this year, with an average export price of 2,283 USD a tonne, up 21 percent year-on-year. 

Analysts believe export turnover in the coffee industry will grow 30-40 percent this year as the world adapts to Covid-19, with demand substantial while supply is declining. The export price may reach 2,400-2,600 USD a tonne, with momentum lasting into 2023. 

Germany is the largest importer of Vietnamese coffee, with 12 percent of value, followed by Belgium and Italy./.

By: VNA