Coffee export prices increased by 45%

VTV.vn - Coffee export prices globally, including in Vietnam, are increasing due to scarce global supply.

US roasted coffee industry faces difficulties due to tariffs

Coffee export prices increased by 45%

Coffee export prices around the world, including Vietnam, are increasing due to the global supply shortage. The average coffee export price in the first 9 months reached more than 5,600 USD/ton, 45% higher than the same period last year, and also the highest level in many years, reflecting the strong competitiveness of Vietnamese coffee in the context of the volatile world market.

Major producing countries are heavily affected by extreme weather and unstable trade policies in many countries. In that context, Vietnamese Robusta coffee has become the priority choice of importers thanks to its stable supply, competitive prices and increasingly improved quality. Vietnamese coffee continues to affirm its position when exports set a new record, reaching 7 billion USD in just 9 months and it is forecasted that this year, it can reach 8 billion USD. This is an unprecedented high number in the history of the Vietnamese coffee industry.

US roasted coffee industry faces difficulties due to tariffs

Retail coffee prices in the United States rose nearly 21% in August compared to the same month last year, putting pressure on roasters and consumers, partly due to the Trump administration's tax policies, according to the National Coffee Association.

The US imports more than 99% of the coffee it consumes, mainly from Brazil (30.7%), Colombia (18.3%) and Vietnam (6.6%). Of which, the largest coffee exporting country to the US is Brazil, which is suffering from the impact of drought, causing a sharp decrease in coffee bean production, while it is facing a 50% tax on exports to the US.

Source: https://vtv.vn/gia-ca-phe-xuat-khau-tang-45-100251021182205229.htm