Coffee export volume forecast to reduce in 2017

Although hitting the record high in 2016, coffee export is forecast to reduce next year because of output reduction, according to Vietnam Coffee and Cocoa Association.

2016 export turnover might near $3.5 billion with over 1.8 million tons, the highest volume for the last many years. The increase has been due to inventory from previous crops when prices dropped low.

Next year, the coffee export volume is expected to reduce at least 20 percent over the previous crop to about 1.3 million tons because of droughts and water shortage.

Output reduction will be worse as farmers have sold out their inventory.

Meanwhile coffee plants have been aging while farmers have cultivated other plants such as pepper and cocoa in coffee fields, causing low coffee output in the Central Highlands.

Long lasting rains have affected the quality of coffee beans this year.

By Dang Cong – Translated by Hai Mien

Other news