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Coffee Exports Reach more than US$1.55 Bln in Ten Months
10 | 11 | 2007
Vietnam notched up US$1.554 billion from exporting more than one million tons of coffee in the first ten months of this year, marking sharp increases of 84 per cent in value and 42.6 per cent in volume against that in 2006, the General Statistics Office.
In October, the country exported $86 million worth of 50,000 tons, up from US$67 million and 40,000 tons in September and up from $49 million and 39,000 tons in October 2006.
Export prices of Vietnamese coffee rocketed $1,800 a ton in September, the highest level over the past nine years, up $80 and $100 from previous months.
Experts forecast that the export prices will continue jumping due to output decreases in major exporters like Brazil and Vietnam this crop.
The Vietnam Coffee and Cocoa Association forecast that diseases caused by pest insects will reduce Vietnam’s coffee output by 10 per cent or 15 per cent this crop.
The Ministry of Agriculture and Rural Development (MARD) has already decided to apply new standards named TCVN 4193:2005 to measure the quality of Vietnamese exported coffee with a view to improve quality and minimize the ratio of rejected coffee.

Source: Vietnam Business Forum
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