The Import-Export Department (Ministry of Industry and Trade) said that in May 2020, the price of coffee in the country increased due to limited sales by growers.
According to estimates, coffee exports in May 2020 reached 130 thousand tons, worth $ 218 million, down 21.6% in volume and 21.9% in value compared to April 2020, down 10.4%. % in volume and 8.2% in value compared to May 2019. Generally for the first 5 months of 2020, coffee exports were estimated at 813 thousand tons, worth $ 1,367 billion, up 4.7% in volume and 2.9% in value over the same period in 2019.
The average export price of coffee in May 2020 reached 1,680 USD / ton, down 0.4% compared to April 2020, but up 2.4% compared to May 2019. Generally for the first 5 months of 2020, the average export price of coffee reached 1,682 USD / ton, down 1.7% over the same period in 2019.
On the world market, in May 2020, the price of robusta coffee on the world market increased compared to the end of April 2020; Arabica coffee prices decreased slightly. Although coffee prices rebound after many countries and territories loosen the blockade, weakening new sales pressure combined with the Brazilian Real will continue to be detrimental to the coffee market in the country. short and medium term. In addition, the limited economic activities in the world will reduce the amount of coffee consumed.
According to the rhythm of economic life
