Vietnam earned US$1.96 billion from coffee exports in the first five months of 2014, up 29% over the same period of 2013, the Ministry of Agriculture and Rural Development reported.
Vietnam earned US$1.96 billion from coffee exports in the first five months of 2014, up 29% over the same period of 2013, the Ministry of Agriculture and Rural Development reported.
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Between January and May, Vietnam’s coffee shipments were estimated at 966,000 tonnes, a rise of 36.7% compared with the quantity exported during the first five months of 2013.
In May alone, Vietnam shipped 154,000 tonnes of coffee beans, bringing revenue of US$336 million.
Germany and the US were the two largest consumers of Vietnamese coffee, accounting for 14.08% and 9.62% of Vietnam’s total coffee exports during the five-month period.
The average export price during the period was US$2,001 per tonne.
The agriculture ministry has forecast that Vietnam’s coffee yield will reach 1.75 million tonnes in the 2014-2015 crop.
(Source:Nhan Dan)
