Many countries are rushing to buy Vietnamese coffee, with one continent alone spending $2 billion

According to the General Department of Customs, in the third quarter, Vietnam's coffee exports reached 212,926 tons, worth 1.12 billion USD, down 12.9% in volume and up 52.6% in value compared to the same period in 2023. In the first 9 months of 2024, the export of this item reached 1.1 million tons, equivalent to a value of more than 4.3 billion USD, down 11.7% in volume but up 38.7% in value compared to the same period last year. Although output decreased, thanks to the sharp increase in prices, coffee export turnover exceeded the 4.24 billion USD mark achieved in the whole year of 2023, setting a new record. At the end of the 2023-2024 crop year (from October last year to September this year), Vietnam exported a total of 1.47 million tons of coffee, down 11.3% compared to the previous crop year, but the export turnover value in the crop year still increased by 33%, to 5.42 billion USD - the highest in history. This growth momentum was driven by coffee export prices that were ...