By Movetoasia
Vietnam focuses more on Robusta coffee, which amounts to a larger percentage of its coffee exports as compared to Arabica coffee, which takes a significantly small percentage of coffee exports in Vietnam.
The exportation of Vietnam’s coffee in the year 2019 and 2020 is estimated at about 28 million bags. This includes roasted, grounded as well as instant coffee. This is pegged on rising production rate in Vietnam and ending stocks.
Vietnam continues to export coffee products to countries, such as Germany, Italy and the US. These three countries remain the top buyers and consumers of Vietnam coffee. Despite the fact that the year 2018 and 2019 experienced a low exportation rate of about 13 million bags of coffee products, the year 2020 and beyond appears even more promising with increased production. Farmers, following this drop in export prices, decided to keep stocks as they expect higher export prices in the coming years.
Comentarios