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    Home > Food News > Food Articles > Vietnam's coffee exports to South Korea increased

    Vietnam's coffee exports to South Korea increased

    • Last Update: 2022-12-30
    • Source: Internet
    • Author: User
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    In the first nine months of 2022, Vietnam's coffee exports to South Korea amounted to 25,500 tons and totaled US$59.
    37 million, although exports fell 8.
    6% year-on-year, but exports increased by 30.
    8%
    year-on-year, according to Vietnam's Ministry of Industry and Commerce.
    Vietnam's coffee accounted for 16.
    78%
    of South Korea's total imports from 20.
    36% in the first nine months of 2021.
     
    According to the weather forecast, there will be widespread rainfall in the Nishihara coffee producing area, hindering the harvesting and drying of coffee
    .
    Meanwhile, Arabica coffee is still under pressure
    to cut prices.
     
    Regarding the situation of coffee prices in mid-November 2022, the Ministry of Industry and Commerce said that the decline in coffee prices slowed due to the release of good news in the market
    .
    According to the weather forecast, there will be widespread rainfall in the Nishihara coffee producing area, hindering the harvesting and drying of coffee
    .
    Meanwhile, Arabica coffee is still under pressure to cut prices, as coffee in Brazil and coffee inventories in October 2022 increased by 5.
    8%
    year-on-year.
     
    In mid-November 2022, the price of Robusta coffee in the domestic market continued to fall
    .
    The price of Robusta coffee on November 18, 2022 decreased by VND 700-800/kg compared to November 9, 2022; The lowest price in Lam Dong province is 39,200 VND/kg; The price in Trö and Donong provinces is up to 39,700 VND / kg; The price in Ka Lai province is 39,600 VND / kg
    .
    (End)
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