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Wednesday, January 22, 2025

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coffee market

Concerns mount despite success

As 2025 has begun, Vietnam continues to solidify its position as the world’s leading exporter of Robusta coffee, building on its remarkable achievements in 2024 despite fierce competition in the global market Vietnam’s farm, forestry, and fishery exports soared to a record high of US$62.5 billion in 2024, with coffee exports contributing approximately 9% and achieving several significant “firsts.” Many “firsts” In 2024, Vietnam exported about 1.32 million tons of coffee, earning total revenue of US$5.48 billion, according to the Ministry of Agriculture and Rural Development. Although the export volume fell by 18.8% compared to 2023, the export value surged by 29.1%. This achievement not only reinforced Vietnam’s position as the world’s top Robusta coffee producer and exporter but also marked the first time coffee exports exceeded US$5 billion—a historic milestone despite the lowest export volume in a decade. The price of raw coffee in Vietnam’s key production areas, particularly the Central Highlands, experienced a continuous surge throughout 2024. At the start of the 2023-2024 crop, raw coffee prices hovered around VND60 million per ton. By January 2024, prices had skyrocketed, occasionally reaching VND135 million per ton—the highest ever recorded for an agricultural commodity in Vietnam. During the principal harvest […]
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