Coffee exports in the first eight months of this year are estimated to reach 1.26 million tonnes, earning 2.66 billion USD, up by 31.9 percent in volume and 26.3 percent in value against the same period last year.
The ‘Hanoi moi’ (New Hanoi) newspaper reports that the two biggest import markets for Vietnamese coffee, the United States accounting for 12.5 percent of Vietnam’s export value and Germany, 12.4 percent, are continuing to grow both in volume and value.
Within the reviewed period, exports to Indonesia have risen 9.5 times and to Mexico , nearly 3.5 times more.
According to the Vietnam Coffee and Cacao Association, coffee exports may fall in the future due to supply shortages.
However, exports can expect to see a sharp increase once the next crop is harvested in late 2012./.