Coffee export rebounds in 2016

Coffee export last year rebounded back from the previous year reduction, reaching 1.79 million tons with the total turnover of US$3.36 billion, reported the Ministry of Agriculture and Rural Development.

The man at his coffee field in the Central Highlands (Photo: SGGP)

The numbers were up 33.6 percent in volume and 25.6 percent in value over 2015, when the country saw a year on year fall of 20.63 percent in volume and 24.82 percent in value.

Last year, Germany and the U.S. continued to be the largest markets of Vietnam with the market share of 15.2 percent and 13.1 percent respectively.

Coffee area was up 0.3 percent over 2015 to 645,400 hectares. Output was estimated to increase 1 percent to hit 1.47 million tons but productivity dropped 0.4 percent because of drought in the Central Highlands early 2016.

The contribution of processed products to the total coffee export value of the country was on the rise.

By Thu Trung – Translated by Hai Mien

Other news

Most view

Banking-finance

BIDV asked to help expand investment abroad

Prime Minister Nguyen Xuan Phuc has asked the Bank for Investment and Development of Vietnam (BIDV) to continue taking the pioneer role in supporting businesses to expand investment abroad, especially in Laos and Cambodia, and become a leading commercial bank in the region.

Economy

Self - introduction

“Taste of world” buffet in Liberty Central Saigon Center

Central restaurant is located on the 3rd floor of Liberty Central Saigon City point hotel where combines the comfort of tradition with modern design for people to experience regionally-sourced cuisine and fresh local seafood, especially lunch and dinner buffet.

Stock market