Vietnam shipped 1.27 million tons of coffee during the first eight months of this year to rake in US$2.25 billion, up nearly 40% in volume and 20.7% in value against last year’s corresponding period, according to the Ministry of Agriculture and Rural Development.
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The export price in seven months averaged US$91.754 per ton, down 14.5% from the same period last year.
Germany and the US remained the two largest consumer of Vietnam coffee with market shares of 15% and 13%, respectively.
Vietnam Coffee and Cocoa Association (VICOFA) reported that despite sharp increase in export revenue, most Vietnam coffee products for exports are raw materials with low added value.
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Additionally, poor management of the quality of products in terms of safety and hygiene is a burning issues facing the coffee industry, it said while asking management agencies to intensify strict supervision over food hygiene and safety in the coming time.