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The price of domestic coffee in Vietnam rises to the highest level in the past 4 years

 Last Update: 2021-09-18
 Source: Internet
 Author: User

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Vietnam " customs line" September 14 reported that, according to the Vietnamese Ministry of Trade and Industry Import and Export Bureau, said in early September this year, the international market, Robusta coffee and Arabica caffeine in short supply and prices rise
.
Brazil has entered the Independence Day holiday, and the new crown epidemic in Vietnam is still complicated
.

Due to the increase in the number of infections caused by the new mutant strains, which slowed down the recovery momentum of major economies such as the United States and the European Union, consumer demand is not very positive
.
Part of the reason for the price increase is due to high ocean freight
.
It is expected that in the short term, coffee prices will continue to rise, but the rate of increase will slow down
.

In terms of exports, according to information released by the Ministry of Agriculture and Rural Development of Vietnam, in the first eight months of this year, Vietnam’s coffee exports amounted to 1.
07 million tons, with an export value of US$1.
99 billion
.
Although coffee exports fell by 6.
9%, exports increased by 1.
1% year-on-year
.

The complex development of the new crown epidemic has affected production, trade and export activities, leading to disruption and stagnation of the coffee market
.
High freight rates and complex epidemics will greatly hinder coffee export plans for the end of 2020/2021 and the 2021/2022 season from October 1 this year
.

Customs Import and Export Coffee Caffeine Price Brazil Epidemic

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