Vietnam records highest coffee export value in single season

HANOI, Oct. 22 (Xinhua) — Vietnam’s coffee exports reached 5.43 billion U.S. dollars in the 2023-2024 crop year that lasted from Oct. 1, 2023 to Sept. 30, 2024, the highest level ever in a coffee season, Vietnam News cited the Coffee and Cocoa Association on Tuesday.
The export value soared by 33.1 percent compared to the previous crop year, marking the first time the country’s coffee export turnover exceeded the 5 billion U.S. dollar mark in a single season, said the report.
Nguyen Nam Hai, the association’s chairman, attributed the value increase to the hiked prices.
Vietnam’s average export price in the cited crop year was 3,673 dollars per ton, nearly 50 percent higher than in the previous year.
With such a price, coffee is the export product with the strongest price rise among Vietnam’s major agricultural exports, according to the report.
The Southeast Asian country exported about 1.46 million tons of coffee in the entire 2023-24 crop year, a 12.1-percent decrease compared to the previous crop year. ■