Vietnam is expected to export 1.7 million tons of coffee, worth 4.2 billion U.S. dollars this year, a new high after setting the record at more than 4 billion dollars last year, Vietnam News reported Tuesday, citing the Ministry of Agriculture and Rural Development.
Vietnamese coffee exports can reach a record level this year thanks to domestic and global prices climbing to their highest levels in the past 15 years due to scarce supply, low coffee reserves, and a strong increase in global demand for Robusta, the newspaper cited Pham Quang Anh, director of the Mercantile Exchange of Vietnam’s Information Centre.—Xinhua
