The Ministry of Agriculture and Rural Development forecasts November’s coffee export volume will reach 94,000 tonnes worth US$188 million.
(VOV) – Vietnamese coffee exports are estimated at 1.18 million tonnes worth US$2.51 billion after the first 11 months of 2013, equivalent to year on year drops of 24.4% in volume and 24.8% in value.
The 10-month average coffee export price stood at US$2,138 per tonne, down 0.26% over the same period last year.
Germany and the US remained the largest consumers of Vietnamese coffee, accounting for 13% and 10.8% of total export volume respectively. Export volumes to Russia rose by 4.7%, to the UK by 5.2%, and to Japan by 4%.
Predictions suggest Vietnam’s coffee sector is facing a disappointing 2013-2014 harvest, as much as 10-15% less than the previous crop.
The US Federal Reserse suddenly announced the end of its QE3 stimulus programme last night, a decision affecting the securities market. Investors could seek alternatives, including coffee.
Đăng ký: VietNam News