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Update news vietnam's coffee industry
It is a great time for Vietnam to build on specialty coffee segment to enhance its global recognition and increase its value in the coffee supply chain.
A freeze-dried instant coffee factory will be built in the central province of Binh Dinh with an investment of over 2 trillion VND (80.74 million USD), the provincial Investment Promotion Centre has announced.
Vietnam is the world's top exporter of Robusta coffee, earning nearly US$4.2 billion of export revenue in 2023. If switching to carbon emission reduction production, the income of coffee farmers could double.
President Ho Chi Minh foresaw the future of the coffee industry in Vietnam, saying Vietnam had some of the best coffee in the world. Come and try it for yourself to decide.
Global supply tensions are driving the world’s coffee export prices to high levels, with supply shortages potentially beneficial to large coffee-exporting countries like Vietnam.
In the first months of this year, the price of domestic coffee has been steadily rising.
High-quality coffee products and specialty coffee are expected to help position the brand of Buôn Ma Thuột coffee,
Đắk Lắk is going to great lengths to create favourable conditions for its speciality coffees. Central to the efforts is the Vietnam Amazing Cup, an annual coffee competition the province has organised since 2019.
Agricultural authorities in Central Highlands provinces said that farmers in these provinces should grow coffee in a sustainable way to continue enjoying high prices.
Vietnam’s coffee culture is renowned, boasting iconic creations like Saigon’s iced coffee and Hanoi’s famed egg coffee.
The coffee industry should step up the digitalisation of the value chain to get ready for the European Union (EU)’s Deforestation Regulation (EUDR) to maintain and expand exports to this bloc, according to the Việt Nam Trade Office in Belgium.
Coffee prices are soaring in the domestic market. However, producers and exporters are worried as the EU has adopted the EU Deforestation Regulation (EUDR) which may affects Vietnam’s exports to the market.
Vietnam and other major coffee-exporting nations are halfway through the 2022-2023 harvest season, but uncertainties are gripping the market.
Vietnam ranks first in terms of coffee cultivation yield in the world and ranks second in export market share. But its export price is the lowest.
The robusta coffee market is bustling again with the comeback of two big producers – Brazil and Indonesia. However, the supply prospects of the two countries are giving an opportunity to Vietnam to boost exports and cement its top position.
As of the start of 2023, domestic coffee prices have risen by approximately 20 per cent since the end of 2002, reaching VND48,000 per kg (equivalent...
A wide range of activities will be held during the Peruvian Coffee Week which is scheduled to be held from April 8 to April 15 for the first time in Hanoi and Ho Chi Minh City, according to the Embassy of Peru in Vietnam.
The export volume of the 2022-23 crop is also forecast to decrease sharply compared to the previous crop due to little inventory from the 2021-2022 crop.