Vietnam's coffee exports will continue to grow in 2025

The Import-Export Department (Ministry of Industry and Trade) said that according to preliminary statistics, Vietnam's coffee exports in the fourth quarter of 2024 are estimated at 208.4 thousand tons, worth 1.16 billion USD, down 43.7% in volume, but up 3.9% in value compared to the fourth quarter of 2023. In the whole year of 2024, Vietnam's coffee exports are estimated at 1.32 million tons, worth 5.48 billion USD, down 18.8% in volume, but up 29.1% in value compared to 2023. In 2024, world coffee prices continued to set new records, mainly due to concerns about supply shortages from major exporting countries such as Vietnam and Brazil due to unfavorable weather. Along with that, the increase in buying by hedge funds and the increase in tensions in the Red Sea, which have led to high shipping costs, are also factors that have caused coffee prices to increase sharply. In addition, coffee prices are also supported by countries increasing their stockpiling due to concerns that ...