According to the Ministry of Agriculture and Rural Development (MARD), Vietnam’s coffee exports in May reached about 154,000 tons, valuing 336 million U.S. dollars. For the whole five months, Vietnam exported 966,000 tons of coffee earning 1.96 billion U.S. dollars, up 36.7 % in volume and up 29 % in value over the same period last year.
The average export price of coffee was 2.001 U.S. dollars per ton. Germany and the United States continue to be the two largest Vietnamese coffee consumers with market shares of 14.08% and 9.62% respectively. Belgium and France were with the highest growth rate of importing Vietnam coffee, doubling the first four months of 2013.
Following MARD’s forecast, Vietnam will produce around 1.75 million tons of coffee in the 2014-2015 season, a slight increase against the 2013-2014 period of 1.74 million tons.