Coffee shipments from Vietnam on the rise
Hanoi, Jan 2 (Prensa Latina) Vietnam exported 1.7 million tons of coffee in last year, earning 2.7 billion dollars, the Ministry of Agriculture and Rural Development reported.
This volume represents 18 percent of the global market share, while the sum is equivalent to more than one-tenth of coffee world sales, which has been confirmed as one of the country's six main exportable products, according to the Ministry.
In Vietnam, the cultivation, production and marketing of coffee has grown exponentially in the last three decades: in 1991 its supplies to the world market only represented one percent.
Now the number of buyers surpasses 80 countries and territories. Vietnam's main buyer is the European Union, which accounts for about 40 percent of billings, an index that should increase according to local exporters under the recently activated free trade agreement with the bloc.
Ninety percent of the coffee sold by the country is beans. In order for this to remain a mainstay of its economy, the country plans to increase production through intensive cultivation methods and modernization and diversification of processing to increase added value.
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