Vietnam: surpassing Brazil to become the world's largest coffee exporter
According to Taiwan's "Central News Agency", according to the International Coffee Organization (ICO), Vietnam exported 14.32 million 5000 bags of raw coffee beans in the first six months of this year (60 kilograms per bag), 13.63 percent higher than that of Brazil, making it the world's largest coffee exporter.
Statistics from Vietnam's General Administration of Customs show that in the first half of this year, the country's coffee exports reached 1.04 million tons, with an export value of 2.12 billion US dollars, an increase of 31.7% and 24.7% respectively compared with the same period last year.
According to reports, Germany and the United States remained Vietnam's largest coffee export markets in the first half of this year, accounting for 14.35 percent and 9.76 percent of Vietnam's total coffee exports, respectively. The Vietnam Coffee and Cocoa Association (VICOFA) estimates that coffee exports this year will reach 1.5 million tons, totaling US $3 billion.
At present, the planting area of coffee in Vietnam is about 600000 hectares, of which it is mainly distributed in the Xiyuan area (Tay Nguyen), accounting for 550000 hectares. Coffee is regarded as one of Vietnam's crops with high export value, which helps to improve the living standards of farmers.
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In recent years, the coffee industry in Yunnan has developed rapidly. So far, the planting area of coffee in Yunnan has exceeded 1.5 million mu.
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Vietnam exported 966000 tons of coffee from January to May 2014.
In May 2014, Viet Nam exported 154000 tons of coffee with an export value of US $336 million. From January to May, Vietnam exported 966000 tons of coffee, an increase of 36.7 percent over the same period last year, and exports of US $1.96 billion, an increase of 29 percent over the same period last year. The average export price of Vietnamese coffee is US $2001 per ton. Germany and the United States are still the top two export markets of Vietnamese coffee, accounting for respectively.
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