PSNews - According to Eurostat - The Statistical office of the European Union, Vietnam was the largest supplier of coffee to Spain in 2022, shipping 112,550 tonnes worth US$287 million, up 21.6% in volume and 78.9% in value year on year.
The nation has plenty of room to increase coffee exports to Japan, whose hot coffee market is anticipated to expand by 4.2% during the 2020 to 2025 period, according to industry insiders.
There are bright prospects moving forward for local coffee exports this year with export turnover reaching US$3 million last year, according to the General Department of Vietnam Customs.
There are bright prospects ahead for Vietnamese coffee exports to the Nordic market, particularly as tariffs on coffee beans have been slashed to 0% under the provisions of the EU-Vietnam Free Trade Agreement (EVFTA), according to the Vietnamese Trade Office in Sweden.
France increased its import of coffee from several major global suppliers, but reduced the import from Vietnam in the first half of the year, according to the Ministry of Industry and Trade.
Local firms have been urged to focus their efforts on producing high-quality coffee or organic coffee in order to make further inroads in the Northern European market, according to advice given by the Vietnamese Trade Office in Sweden.
Vietnamese coffee exports are anticipated to encounter a myriad of difficulties over the short term due to the complicated nature of developments relating to the novel coronavirus (COVID-19) pandemic, according to industry insiders.
Coffee is one of the nation’s agricultural commodities that has grown a presence in Africa in recent years, with a specific focus on North Africa, according to the latest statistics released by the Vietnamese trade office in Algeria.
Romania is a market of great potential to Vietnam’s exports like tropical fruits (fresh and canned), seafood (frozen and canned), coffee, pepper, cashew nut and pork, although the European country has a relatively developed agriculture, according to the Ministry of Industry and Trade.
PSNews - The Buon Ma Thuot street carnival, part of the cultural activities to celebrate the 7th Buon Ma Thuot Coffee Festival, kicked off on March 9th.
Coffee production areas across many Vietnamese provinces, including Dak Lak, Dak Nong, Son La and Lam Dong, are endowed with crop varieties, weather conditions and soils that are suitable to develop specialty coffee, according to experts.
A Coffee Trade Fair kicked off in Buon Ma Thuot city in the Central Highlands province of Dak Lak on March 9, as part of the ongoing 7th Buon Ma Thuot Coffee Festival.
Vietnam expects to export 1.7 million tonnes of coffee this year, earning about US$3.5 billion, said Chairman of the Vietnam Coffee – Cocoa Association (VICOFA) Luong Van Tu.
According to a new study, the caffeine-associated release of nitric oxide, which improves the functioning of blood vessels, may be the cause of an observed protective effect increasing the lifespans of people suffering from chronic kidney disease.
Vietnam is one of the largest coffee producers in the world, earning more than 3 billion USD from the export of coffee bean each year, but the country mainly sells beans as material with low added value.
