Coffee Exports Soar to $1.7B in Just Two Months: International Edition

Coffee Exports Soar to $1.7B in Just Two Months: International Edition

In the initial two months of this year, Vietnam exported 309,505 tons of coffee, generating roughly $1.72 billion, as reported by the Department of Customs. Nguyen Duc Dung, the Deputy General Director of the Vietnamese Mercantile Exchange, pointed out that coffee prices in the international market experienced significant growth. Consequently, although Vietnam’s coffee export volume dropped by 22%, the country saw an increase of more than 37% in its coffee export revenue during this time frame. {getCard} $type={post} $title={You might like} On the domestic market, coffee Prices in the Central Highlands region and southern provinces have similarly surged to unprecedented levels. As of March 14, the cost had climbed to around VND139,000 ($5.44) per kilogram, marking an increase of about 50 percent compared to the corresponding timeframe from the previous year. Experts anticipate that these prices will continue to escalate during the second quarter because of insufficient supplies…