Coffee exports hit $2.66 billion

Coffee exports in the first eight months of this year are estimated to reach 1.26 million tonnes, earning US$2.66 billion, up by 31.9 per cent in volume and 26.3 per cent in value against the same period last year.

The Ha Noi Moi (New Ha Noi) newspaper reports the two biggest import markets for Vietnamese coffee, the United States accounting for 12.5 per cent of Viet Nam's export value and Germany, 12.4 per cent, are continuing to grow both in volume and value.

Within the review period, exports to Indonesia have risen 9.5 times and to Mexico nearly 3.5 times more.

According to the Viet Nam Coffee and Cacao Association, coffee exports may fall in the future due to supply shortages.

However, exports can expect to see a sharp increase once the next crop is harvested in late 2012

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