Japan sells coffee for nearly 4 million VND per kilogram to Vietnamese people

Published Oct 7, 2024

Tridge summary

Vietnam, the world's second-largest coffee exporter, has experienced a significant rise in coffee imports, with nearly 98,000 tons valued at 371 million USD imported in the first eight months of the year, reflecting a 42% increase in volume and a 104% increase in value from the previous year. The 2022-2023 crop year saw a 14% rise in imports to about 102,000 tons. Despite this, foreign coffee is rarely found in the market, mainly appearing at fairs and exhibitions and priced higher than local coffee. Vietnam imports small quantities of high-quality, specialty, and processed coffee, but the majority are cheap raw coffee for instant coffee production due to increasing local Robusta prices. Key suppliers include Laos, Indonesia, Brazil, Colombia, and Ethiopia.

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Original content

Although Vietnam is still the number 2 country in coffee exports, the rate of coffee imports has increased very rapidly in recent years. According to customs statistics, in the first 8 months of the year, Vietnam imported nearly 98,000 tons of coffee, worth 371 million USD, up nearly 42% in volume and 104% in value over the same period last year. In the previous crop year (from October 2022 to September 2023), Vietnam spent nearly 300 million on coffee imports, and the value of coffee imports during that period exceeded. In the 2022-2023 crop year, Vietnam imported about 102,000 tons of coffee, up 14% over the same period of the previous crop year. However, according to the reporter's survey, foreign coffee is very rare in the market, mainly appearing at fairs and exhibitions for introduction and the listed price is also very high. At the Japan Pop – Up Shop "Hello Japan" booth organized by the Japan External Trade Organization (JETRO) - Ho Chi Minh City Office at Saigon Centre ...

Source: 24h newspaper