Vietnam's 2017 coffee exports volume seen falling 20-30 pct y/y
Monday, March 13,2017AsemconnectVietnam - Vietnam's coffee export volume this year is expected to fall 20 to 30 percent from a year earlier due to drought and reduced inventory, an industry official said on Sunday.
Vietnam, suffered from the worst drought in 30 years last year, while unexpectedly long rainfall in December 2016 may also affect bean quality and output this year, said Luong Van Tu, head of the Vietnam Coffee and Cocoa Association.
Vietnam is the world's second biggest coffee exporter after Brazil and the top robusta bean producer. The Southeast Asian nation shipped 1.78 million tonnes of coffee last year with exports of $3.3 billion, government data showed.
Source: Reuters.com
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