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Dunkin coffee

/ February 12, 2021

Domestic coffee exporters expect a promising year

Vietnam’s coffee exports are expected to have a good start to 2021 - Illustrative image (Photo: VNA) – Vietnam’s coffee exports are expected to have a good start to 2021 after a gloomy year due to the severe impacts from the COVID-19 pandemic , according to industry insiders. According to the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development, coffee prices are expected to surge in 2021 since global coffee stocks have fallen to the lowest level in the past years. A wide range of free trade pacts such as the EU-Vietnam Free Trade Agreement (EVFTA) are billed as catalysts that help Vietnamese coffee reach out to the world  (Photo: VNA) A wide range of free trade pacts such as the EU-Vietnam Free Trade Agreement (EVFTA) are billed as catalysts that help Vietnamese coffee reach out to the world. EU importers. coffee exports by 2030./. VNA …

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/ February 24, 2021

Coffee industry seeks to weather COVID-19 crisis

Since Vietnam joined the International Coffee Organization (ICO), the coffee industry has experienced three crises, with the first occurring in 1991 when the ICO removed the quota system, causing the price of Arabica coffee to drop from US$4,000 per tonne to US$3,000 per tonne. The second happened in 2000 when the price of Robusta coffee dropped to US$400 per tonne, and the third took place last year when the price fell by between US$1,300 and US$1,400. Addressing this thorny issue, almost all coffee businesses have participated in e-commerce trading platforms, marketing the products in London and New York. Private firms have also moved to swiftly set up websites in order to sell their coffee products online, with on-demand home delivery services witnessing rapid growth. Aside from serving customers at coffee shops, take-away services have also been added to allow customers to increase the efficiency of doing business whilst simultaneously ensuring COVID-19 preventive measures are in place. Several businesses have also invested in processing roasted, ground, and instant coffee as a means of catering to consumers’ diverse tastes. They have taken advantage of opportunities in exporting coffee beans to markets that the country has signed free trade agreements with. Besides foreign firms such as Nestle, Olam, Ca phe Ngon, and Tata, several Vietnamese enterprises including Tin Nghia Corporation, Intimex Group, An Thai Company, and Viet My Company have poured capital into intensive processing by building instant coffee factories with popular names. Most notably, small roasting facilities that specialise in processing specialty coffee for a chain of between 10 and 20 coffee shops by using coffee machines have also witnessed rapid growth. Furthermore, Trung Nguyen Legend has recently launched its official brand store on Amazon, marking an important step toward bringing local coffee to the world via e-commerce platforms. With regards to this strategic move, a …

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/ January 19, 2021

Poland increases imports of Vietnamese coffee

The MoIT’s Import and Export Department cited statistics released by the International Trade Center (ITC) which indicate that Poland's coffee imports throughout the 2015 to 2019 period grew by an average of 6.5% annually, from 141,144 tonnes in 2015 to a total of 181,086 tonnes in 2019. During the nine-month period, the Eastern European country’s coffee imports reached 136,300 tonnes with a value of US$448.71 million, showing an increase of 2.7% in volume and 6.7% in value from the same period in 2019. Most notably, the average import price of coffee within the Polish market witnessed a surge of 3.9% to US$3,291 per tonne compared to last year’s corresponding period. Throughout the reviewed period, Poland increased its coffee imports from the majority of its regular markets, although imports from both Germany and Uganda declined. The figures indicate that the Eastern European nation increased coffee imports from Vietnam by 30.6% in volume and 27.1% in value, with the Vietnamese coffee’s market share in the European nation's total imports accounting for 8.13%. According to statistics released by the Import and Export Department, the domestic coffee price at the start of the year saw a decrease, with coffee prices falling from VND700 to VND800 per kilo. …

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