in the 2010-2011crop, with prices between 24,000-29,000 VND per kg.
By the end of September, 2010, coffee growers in the Central Highlands
of Tay Nguyen, Vietnam ’s largest coffee-growing area, sold their
beans harvested in the 2009-2010 crop for 31,000 VND a kilo - the
highest price recorded in the past two years.
According to the
Vietnam Coffee and Cacao Association (Vicofa), although output of a
large coffee-growing area in Vietnam, which is currently the world’s
second largest coffee exporter, is likely to be affected by dry October
weather and ageing, the International Coffee Organisation (ICO) has
forecast that the world’s coffee output in the 2010-2011 crop is likely
to reach 133 million 60-kg bags, a rise of 7 million bags compared with
the 2009-2010 crop.
In the past nine months, Vietnam shipped
abroad 925,000 tonnes of coffee beans for 1.32 billion USD, which
represented rises of 4.2 percent and 0.9 percent in terms of volume and
value year on year.
Vietnam’s largest coffee market is Germany, accounting for 13.5 percent of total export volume, followed by the
US, which takes 12.7 percent of Vietnam’s coffee exports./.
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