Vietnam's coffee output forecast to drop 20 percentStaff writer ▼ | December 9, 2014
The 2014-2015 coffee crop will see output fall by 20 percent due to drought and a large number of old trees with low yields, according to chairman of the Vietnam Coffee and Cocoa Association (Vicofa) Luong Van Tu.
Vicofa The Vietnam Coffee and Cocoa Association
According to the General Department of Customs, Vietnam remains the second largest exporter of coffee, behind only Brazil, with 1.66 million tonnes shipped during the 2013-2014 crop for 3.4 billion USD, up 17.2 percent in volume and 12.5 percent in value.
Germany was the biggest buyer, followed by the US, Spai, Belgium, Japan and Russia. However, Tu said that raw coffee accounted for 90 percent of the exports. Companies also exported three-in-one, two-in-one, and roasted coffee, but in limited quantities.
The country has 622,167ha under coffee, with 126,000ha having old trees with low yields and unreliable quality.
In the next five to 10 years, 140,000-160,000ha need to be replanted, the association said. ■