Coffee exports fetch US$ 2.66 bln in first eight months

VGP - Coffee exports in the first eight months were estimated to include 1.26 million tons, earning US$2.66 billion, up by 31.9% in volume and 26.3% in value against the same period last year.

August 31, 2012 6:38 PM GMT+7

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The United States and Germany were the two biggest import markets for Vietnamese coffee, accounting for 12.5% and 12.4% of the export value, respectively.

Noticeably, coffee exports to Indonesia and Mexico surged sharply by about 9.5 times and 3.5 times against the same period last year.

However, coffee exports may fall in the future due to supply shortages, according to the Viet Nam Coffee and Cacao Association. Coffee exports are expected to increase when the next crop is harvested in late 2012./.

By Khanh Phuong