The Ministry of Agriculture and Rural Development (MARD) has reported that the value of major farm produce exports reached $10.29 billion, declining 7.2 per cent year-on-year,
the volume of coffee exports reached 961,000 tonnes at the end of the third quarter, a slump of 31 per cent, with revenues of $1.96 billion, having fallen 32 per cent. The average coffee export price was $2,054 per tonne, sliding by 0.23 per cent. While global coffee inventories had been high, as a new domestic harvest crop is expected.
Coffee exports in August 2015 were 92,600 tonnes or 1.54 mln 60-kg bags, 14% lower than the previous month, customs data show. This brought Vietnam's coffee shipments in the first 11 months of 2014/15 (Oct/Sep) to 1.164 mln tonnes, down 24% on the year, trade data show.
Viet Nam should attach special importance on improving the quality of coffee products over the next five years, said MARD official Vo Thanh Do.
Do said that technology and innovation in equipment for improved labour productivity will be part of this direction, with a plan continuing until 2030.
The country needs to not build more coffee production facilities, yet it should accelerate investments to change the structure of goods, enhance their added values, and expand markets, he noted.
According to the Central Highlands Steering Committee, Viet Nam has mainly exported raw coffee materials, which bring about low added values in the international markets.
The country currently has nearly 642,000 hectare (ha) of coffee plantations, which produce some 1.4 million tonnes of raw coffee beans per year. It exports 90 per cent of this yield, though a high ratio is defective and cheaper than similar materials harvested in other countries.
Last year alone, the country exported some 1.3 million tonnes of raw coffee beans, gaining roughly $3.55 billion in revenues.
Viet Nam Coffee–Cocoa Association Chairman Luong Van Tu said a farming household or an enterprise earns nearly $2 when it sells one kilogramme of coffee at the current costs, and this value is equivalent to the average price of a cup of coffee sold in import countries.
Do said that technology and innovation in equipment for improved labour productivity will be part of this direction, with a plan continuing until 2030.
The country needs to not build more coffee production facilities, yet it should accelerate investments to change the structure of goods, enhance their added values, and expand markets, he noted.
According to the Central Highlands Steering Committee, Viet Nam has mainly exported raw coffee materials, which bring about low added values in the international markets.
The country currently has nearly 642,000 hectare (ha) of coffee plantations, which produce some 1.4 million tonnes of raw coffee beans per year. It exports 90 per cent of this yield, though a high ratio is defective and cheaper than similar materials harvested in other countries.
Last year alone, the country exported some 1.3 million tonnes of raw coffee beans, gaining roughly $3.55 billion in revenues.
Viet Nam Coffee–Cocoa Association Chairman Luong Van Tu said a farming household or an enterprise earns nearly $2 when it sells one kilogramme of coffee at the current costs, and this value is equivalent to the average price of a cup of coffee sold in import countries.
| Vietnam: Coffee Exports (tonnes) | |||
| 2014/15 | 2013/14 | 2012/13 | |
| October | 95,814 | 61,100 | 102,000 |
| November | 84,059 | 80,400 | 122,000 |
| December | 115,400 | 135,600 | 162,500 |
| January | 132,400 | 143,000 | 219,000 |
| February | 92,243 | 184,100 | 100,380 |
| March | 130,500 | 278,300 | 157,900 |
| April | 104,400 | 210,750 | 110,800 |
| May | 105,500 | 137,400 | 116,700 |
| June | 104,200 | 108,100 | 88,390 |
| July | 107,140 | 88,600 | 90,700 |
| August | 92,600 | 97,800 | 83,660 |
| September | 97,300 | 63,550 | |
| Season to date (Oct/Aug) | 1,164,256 | 1,525,150 | 1,354,030 |
| Total (Oct/Sep) | 1,622,450 | 1,416,880 | |
| * Estimate Source: GSO/Customs Office | |||
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