Global supply is scarce, Vietnamese coffee maintains record high prices

Vietnam's coffee exports this year have continuously set new milestones in terms of turnover. After surpassing the 6 billion USD mark in the first 8 months of the year, by the end of September, the coffee industry recorded another new milestone. Information from the Vietnam Customs Department shows that in September, Vietnam's coffee exports reached 81 thousand tons, valued at 462 million USD, an increase of 58% in quantity and 61% in value compared to the same period in 2024. Thus, by the end of September, coffee exports this year reached nearly 1.24 million tons, valued at 7.01 billion USD, an increase of 12% in quantity and 62% in value compared to the same period, and significantly higher than the 5.62 billion USD for the whole of 2024. Having reached 7 billion USD in 9 months, it is certain that in 2025 coffee exports will exceed the Ministry of Agriculture and Rural Development's plan of 7.5 billion USD, and may even set new export value milestones. The most important factor ...