The country’s coffee exports crossed the $5-billion mark for the first time, earning $5.2 billion despite a 14-percent decline in export volume.
Nguyen Nam Hai, chairman of the Vietnam Coffee-Cocoa Association, credited this success to soaring global prices, which peaked at $5,720 per metric ton in October.
With an annual average price of $5,580 per metric ton, Vietnam’s robusta coffee achieved the highest global price and even outpaced other countries’ arabica beans at times, according to the Ministry of Industry and Trade’s foreign trade agency.
