June 13, 2025 | 10:27 GMT +7

  • Click to copy
Thursday- 10:46, 20/06/2024

Coffee exports brought in $2.9 billion in the first five months

(VAN) Vietnam's coffee exports in the first five months of 2024 decreased by 3.9% in volume but increased by 43.9% in value over to the same period last year.

According to a report by the Agency of Foreign Trade (Ministry of Industry and Trade), in May 2024, Vietnam's coffee exports reached 95,000 tons, valued at $ 400 million, a 36.5% decrease in volume but a 3.9% increase in value compared to May 2023.

In total, for the first five months of 2024, Vietnam's coffee exports reached 833,000 tons, valued at $ 2.9 billion\, a 3.9% decrease in volume but a 43.9% increase in value compared to the same period last year.

It is estimated that in May 2024, the average export price of Vietnamese coffee reached $ 4,208/ton, an 11.7% increase compared to April 2024 and a 63.6% increase compared to May 2023.

Overall, for the first five months of 2024, the average export price of Vietnamese coffee is estimated at 3,482 USD/ton, a 49.9% increase compared to the same period last year.

In the first four months of 2024, Vietnam increased exports of all types of coffee. Among them, Robusta coffee is the main export type, with a volume of approximately 650.57 thousand tons, valued at over $ 2 billion, a 0.4% increase in volume and a 58.4% increase in value compared to the same period last year.

The export proportion of Robusta coffee accounted for 82.17% of the total volume and 82.15% of the total value in the first four months of 2024. Therefore, the growth in Robusta coffee exports significantly contributed to the overall growth of the industry.

In the first four months of 2024, the average export price of Vietnamese Robusta coffee reached $ 3,157/ton, a 57.8% increase compared to the same period last year. Notably, the average export price of Robusta coffee to all major markets increased significantly, such as: the average export price of Robusta coffee to Germany increased by 50.4%, reaching $ 3,211/ton; to Italy increased by 59.2%, reaching $ 3,085/ton; and to Spain increased by 135.8%, reaching $ 3,164/ton.

Author: Phuong Ngoc

Translated by Hoang Duy

Global output of key food commodity crops on course for new records

Global output of key food commodity crops on course for new records

(VAN) Noting risks, report examines impacts of avian influenza, changing trade patterns since 2022, fish fraud, and shipping industry’s net-zero goals.

Vietnam-IWPA: Cooperation in developing transparent and sustainable wood supply chain

Vietnam-IWPA: Cooperation in developing transparent and sustainable wood supply chain

(VAN) Mr. Tran Quang Bao, General Director of the Forestry and Forest Protection Department, met and worked with the International Wood Products Association to promote cooperation in the field of timber trade.

China's rare earth exports jump 23% in May despite export curbs

China's rare earth exports jump 23% in May despite export curbs

(VAN) China's outbound shipments of rare earths in May jumped 23% on the month to their highest in a year, though Beijing's export curbs on some of the critical minerals halted some overseas sales.

Sustaining long-term investment momentum for Vietnamese agricultural products

Sustaining long-term investment momentum for Vietnamese agricultural products

(VAN) To sustain capital flow, administrative reform alone is not enough; what farmers truly need is an ecosystem where both government and businesses grow together in support.

Opening the agricultural trade gateway across the Pacific

Opening the agricultural trade gateway across the Pacific

(VAN) Vietnam and the United States are proactively working together, each in their own way, to ensure that every container of agricultural goods carries not just products, but also long-term trust and value.

Japanese shoppers queue for hours to buy cheap rice as prices soar

Japanese shoppers queue for hours to buy cheap rice as prices soar

(VAN) Stores have started selling rice from the government’s stockpile to feed demand for the staple.

Meat prices stay high as cattle numbers hit lowest level since 1950s

Meat prices stay high as cattle numbers hit lowest level since 1950s

(VAN) Omaha Steaks CEO says rebuilding cattle herds will take about a year to ease price pressures.

Read more