Coffee exports and consumption in Vietnam in 2019 – 2020 saw a drop year-on-year due to COVID-19 hindering coffee sales activities. Photo thoibaonganhang.vn
Vietnam's coffee exports and consumption in the 2019-2020 period have taken a hit compared to the same period last year due to the impact of Covid-19, according to the Vietnam Coffee – Cocoa Association.
Nguyen Viet Hai, deputy standing chairman of the association, said during a recent conference reviewing last year’s industry’s activities that during the 2019-2020 coffee year (which started October, 2019) coffee exports reached 1.61 million tonnes and turnover of US$2.8 billion.
Both export output and turnover were down by around 5 per cent year-on-year. Export turnover of processed coffee products also dropped by 8.7 per cent.
Due to unstable coffee prices, the amount of coffee beans purchased from farmers for the 2020-2021 coffee year was a lot less than the same period last year.
Coffee production has also been affected by heavy storms, climate change and aging crops.
Luong Van Tu, chairman of the association, said the coffee market would recover in the near future rather slowly due to Covid-19 and lack of foreign tourism.