Coffee export growth beyond expectations
VOV.VN - Vietnam has shipped abroad 1.61 million tons of coffee since early this year, up 33% against the corresponding period last year, according to the General Department of Vietnam Customs.
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To some extent, Vietnam’s coffee exports in August helped balance the global market in the context of supply from Brazil was declining.
The Brazilian Coffee Exporters Council (Cecafe) reported that Brazilian exports of Robusta coffee in August dipped 90% compared to the same period last year due to severe droughts in Espirito Santo – the key cultivation area.
Thus, the country’s exports during the first eight months of this year dropped 12.6%, however, Cecafe President Nelson Carvalhaes forecast that coffee exports will rebound in the future.
