Coffee export revenue is projected to reach a record 5.6 billion USD this year, driven by rising global coffee prices.

Vietnam’s coffee exports exceeded the 5 billion-USD mark for the first time in the 2023-2024 crop year, that lasted from October 1, 2023 to September 30, 2024.

With 652,000 tonnes of coffee exported to the EU worth 1.66 billion USD in 2023, Vietnam was the second biggest coffee supplier of the EU in terms of volume and third largest supplier in terms of value.

The Vietnam Coffee and Cocoa Association has targeted a coffee export turnover of 5-6 billion USD in 2030, doubling the export value at present.

Vietnam’s coffee sector needs to have strategies to improve material quality and step up intensive processing to increase export value and incomes for farmers as well as develop Vietnamese coffee brand, said experts at the Vietnam Coffee Week in HCM City on December 4.

The harvest season is underway at coffee plantations in the Central Highlands, but lower prices than previous years are causing problems for farmers.

The second Vietnam Coffee Day will be held in Gia Nghia town, the Central Highlands province of Dak Nong, from December 9-12.

Vietnam exported up to 520,000 tonnes of coffee worth 1 billion USD in the first quarter of 2018.

The Embassy of Indonesia in Hanoi and the Vietnam Coffee and Cocoa Association on February 6 hosted a workshop to boost Indonesia - Vietnam cooperation in the coffee sector.

Measures were sought to promote coffee processing to enhance coffee export value to 6 billion USD by 2030 at a workshop in Da Lat city, the Central Highlands province of Lam Dong on December 9.

The first Vietnam Coffee Day will take place in Da Lat city of the Central Highlands province of Lam Dong on December 9-11, announced local authorities and the Vietnam Coffee and Cocoa Association.

In the 2016-2017 crop, coffee exports were projected to drop about 20 percent compared to the previous one, but turnover could be equivalent as export prices have risen 30 percent due to global supply

Vietnam exported 974,712 tonnes of coffee from January 1 to August 15 this year, a reduction of 16.4 percent from the same period last year, earning 2.22 billion USD in value, up 7.9 percent, according to Vietnam’s Customs.

The 2017-18 coffee crop is expected to yield around 1.4 million, which is equal to or slightly lower than last year’s harvest, according to the Vietnam Coffee and Cocoa Association.

Vietnam’s coffee sector targets earning 5-6 billion USD from export by 2030, said the Vietnam Coffee and Cocoa Association (VCCA).

Vietnamese and British coffee enterprises are keen on promoting doing business together, Vietnam Coffee and Cocoa Association (VICOFA) Chairman Luong Van Tu told Vietnam News Agency.

Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 percent short on the set target, said the Vietnam Coffee and Cocoa Association.