April 15, 2025 | 02:53 GMT +7
Hotline: 0913.378.918
April 15, 2025 | 02:53 GMT +7
Hotline: 0913.378.918
Accordingly, Vietnam's coffee exports in the remaining months of the second quarter of 2024 are forecasted to increase due to rising global demand.
Estimates show that the average export price of Vietnamese coffee in April 2024 reached $ 3,791/ton, up 6.6% compared to March 2023 and up 55.4% compared to the same period last year. Overall, in the first four months of 2024, the average export price of Vietnamese coffee is estimated at $ 3,402/ton, up 49.7% compared to the same period in 2023.
In the global market, it is projected that coffee prices will remain high in the remaining months of the second quarter of 2024.
The coffee consumption market in Europe is currently fluctuating due to the imbalance of supply and demand from Vietnam after Robusta coffee production fell below the average level in the 2022/2023 coffee crop year, estimated at 28.5 million bags in the 2023/2024 crop year.
Additionally, the world relies heavily on high-quality coffee from Brazil annually, so unfavourable weather conditions may cause further fluctuations in the coffee market in the short and medium term.
Translated by Hoang Duy
(VAN) In the Mekong Delta, cocoa has provided stable economic returns for many years. Recently, a surge in cocoa prices has created a strong incentive for farmers to expand their cultivation areas.
(VAN) Product quality, branding strategy, and technology innovation are key factors for Vietnamese bird’s nest to establish its foothold on the global map.
(VAN) KOCHAM Deputy President expects that Vietnam would accelerate innovation and development of bird’s nest-based products as a representation of Vietnamese culture.
(VAN) Imported dairy products are weakening the local industry, according to dairy farmers and processors.
(VAN) April 10 marked a significant milestone for Vietnam's agricultural exports as Vietnamese pomelos officially became available at the Lotte Mart supermarket chain in South Korea.
(VAN) Vietnam is focusing on developing the legal framework and technical infrastructure for the carbon market, with committed support from global financial institutions.
(VAN) The citrus fruits market in China is expected to slow down, but still show steady expansion, with volume reaching 56M tons and value reaching $71B by the end of 2035.
