Coffee exports can reach 5 billion USD

Coffee exports can reach 5 billion USD
Coffee exports can reach 5 billion USD
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According to nongnghiep.vn

Customers enjoy coffee at the 'Honoring Vietnamese Coffee - Tea' Program, 2nd time in 2024. Photo: Son Trang.

Customers enjoy coffee at the “Honoring Vietnamese Coffee – Tea” Program, 2nd time in 2024. Photo: Son Trang.

At the workshop “Solutions to export coffee to 5 billion USD” organized by Nguoi Lao Dong newspaper, taking place on the afternoon of March 30, Mr. Nguyen Nam Hai, Chairman of the Vietnam Coffee and Cocoa Association (Vicofa) , said that in the first quarter of 2024, Vietnam exported nearly 600,000 tons tomato get high with a turnover of about 1.9 billion USD, only an increase of 3.1% in quantity but an increase of 54.7% in export turnover compared to the same period in 2023.

Mr. Do Ha Nam, Chairman of Intimex Group, commented that in early 2024, Vietnam’s coffee export turnover grew impressively thanks in part to record high selling prices, reaching 100,000 VND/kg in recent days. . With current developments, the coffee export target of 5 billion USD this year is not difficult.

Mr. Nguyen Quang Binh, coffee market analyst, also said that the turnover achieved in the first quarter, plus the amount of coffee that will be exported in the remaining 3 quarters at a price of over 3,000 USD/ton, the coffee industry It is considered to have reached 5 billion USD this year.

According to the Organizing Committee, the second “Honoring Vietnamese Coffee and Tea” Program will create a launching pad to enhance the position of Vietnamese coffee and tea on the world agricultural product map. Also from here, we hope that in the coming time there will be many other favorable factors that will add value to the country’s coffee and tea industry.

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