HCMC – Coffee exports to Indonesia in the first six months have reached over 50,000 tons, showing an eight-fold year-on-year increase, said Do Ha Nam, deputy head of Vietnam Coffee and Cocoa Association (Vicofa).
Coffee exports to Indonesia shoot up
By Son Nghia - The Saigon Times Daily
HCMC – Coffee exports to Indonesia in the first six months have reached over 50,000 tons, showing an eight-fold year-on-year increase, said Do Ha Nam, deputy head of Vietnam Coffee and Cocoa Association (Vicofa).
The figure reached the all-time high level since Vietnam has begun exporting coffee to Indonesia.
Due to crop failures and thus poor yield, Indonesia must import a larger volume of Vietnamese coffee in recent times. Moreover, the buyer wants to boost processed coffee exports so its coffee processing plants import more coffee beans from Vietnam.
“Indonesia is one of the biggest coffee consumers in the world. With 200 million people, more than half of the country’s coffee output is for domestic consumption, prompting an upsurge in coffee imports in the year to date with an aim to meet local demand,” said Nam.
It is expected that Indonesia’s demand for coffee imports will continue rising in the coming time. Local coffee exporters must take full advantage of this opportunity to boost export to this market.
Vietnam exported 190,000 tons of coffee worth US$397 million in June, taking the total volume to 1.1 million tons worth US$2.3 billion in the six-month period, up 26.5% in volume and 20.4% in value year-on-year, according to the Ministry of Agriculture and Rural Development.
The export price of coffee averaged out at around US$2,090 a ton in January-May, down US$94 a ton from a year earlier.