Coffee market November 24: Vietnamese coffee is chosen by world consumers because of its quality

Published Nov 24, 2023

Tridge summary

Robusta coffee accounts for the highest proportion of coffee exported from November 2022 to November 2023, with 1.49 million tons worth $3.3 billion. Arabica green coffee and decaffeinated green coffee had lower export volumes and values. Robusta coffee exports increased slightly compared to the previous year, while Arabica coffee decreased significantly. The price of robusta coffee futures decreased, and Uganda's coffee exports increased, while Indonesia is expected to decrease coffee bean exports and Colombia's production is expected to recover.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Citing VNA, Chairman of the Vietnam Coffee and Cocoa Association - Mr. Nguyen Nam Hai said that among each type of coffee exported from November 2022 - November 2023, robusta coffee accounts for the highest proportion with 1.49 million tons, worth 3.3 billion USD, Arabica green coffee exported only 41,500 tons, worth 169 million USD, decaffeinated green coffee 36,000 tons, worth 136 million USD. Roasted, ground and instant coffee exports are about 90,000 tons (not converted into green coffee), worth about 510 million USD (volume accounts for about 5.4% and turnover accounts for about 12.5% of total coffee types). coffee for export, in the 2022/23 coffee season). Compared to the previous crop year, this crop robusta coffee export increased by about 0.7% in volume and 10.8% in turnover. Meanwhile, Arabica coffee decreased by about 30.7% in volume and 34.9% in turnover. Mr. Nguyen Nam Hai predicted that, due to the effects of climate change, the coffee harvest time for the 2023/24 ...

Source: Vinanet