HANOI, Vietnam – Coffee exports from Vietnam during the first nine months of calendar year 2019 fell by 13.3% in volume and 21.9% in value to 1.25 million tonnes (20.83 million bags) and US$2.15 billion compared with the same period of last year.
Coffee exports in September are estimated at 81,000 tonnes, earning $143 million, according to Vietnam ‘s Ministry of Agriculture and Rural Development (Mard).
Germany and the US were the two largest coffee export markets in the first eight months of this year with export value of $270.6 million (accounting for 13.5 per cent of the total) and $176 million (8.8 per cent), respectively.
During this period, the average coffee export price dropped by 10.7 per cent to $1,709 per tonne year on year.
This strong decrease was a factor leading to the reduction in exports to most traditional markets such as Germany, the US, Italy and Spain.
In the domestic market, the price also decreased along with the world market trend.
The price of green coffee in September plunged by VNĐ100 per kilo to VNĐ32,400-33,400 in the Central Highlands provinces compared with August, reported the Công thương (industry and trade) magazine.
The coffee price in the first nine months had a decrease of VNĐ100-200 per kilo compared to the end of 2018.