ID :
14300
Wed, 07/30/2008 - 10:44
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Shortlink :
https://oananews.org//node/14300
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Coffee industry plans to be global leader
Hanoi (VNA) - Vietnam has plans to become a world leader in the coffee market, said Deputy Minister of Agriculture and Rural Development Diep Kinh Tan.
Tan confirmed that coffee exports looked particularly promising due to their already strong presence on overseas markets.
Head of the International Coffee Organisation Nesto Osorio said that despite ranking as the second largest coffee producing country worldwide after Brazil , Vietnam still had two advantages: it retained the world'slargest ouput of robusta coffee and the world's lowest production cost.
In addition, World Trade Organisation membership has substantially increased the opportunities for Vietnam 's coffee trade, giving it access to over 5billion customers.
Accession to the WTO has given the country a golden chance for coffee exports, as the organisation represents 95 percent of the world market and has an import turnover of 635 billion USD per year, according to presidentof Vietnam Cocoa and Coffee Association (Vicofa) Luong Van Tu.
The world demand for coffee was expected to increase by 120,000 tonnes a year to 8.4 million tonnes by 2018, Tu said at a seminar discussing the impact of two-years of WTO membership on Vietnam 's coffee, cocoa, pepperand cashew nut sectors in Hanoi early this month.
Participants agreed that with favourable conditions in terms of price and market, annual earnings of more than 2 billion USD were within the reach ofthe sector provided that it made the necessary investments.
Vietnam has been exporting 850,000 tonnes of coffee beans to more than 70 countries and territories every year. The figure reached more than 1 million tonnes last year, equivalent to over 1.6 billion VND. In the first half of this year, the country earned more than 1 billion VND from coffeeexports.
Vietnam has emerged as Germany 's second largest coffee exporter thanks to the local people's growing demand for the product. Figures released by the German Federal Statistical Office show that Vietnam shipped 234,000 tonnes of coffee to Germany last year, just behind Brazil , which supplied up to 288,000 tonnes. According to the office, coffee is popularamong Germans, who drank about 13 kg each in 2007.
Vietnam exported about 11,000 tonnes of coffee to Morocco last year, accounting for approximately half of coffee imports to the country. It aimsto increase the figure to 13,000-14,000 tonnes in 2008.
However, Vicofa vice president Doan Trieu Nhan said that Vietnamese coffee growers and processors should standardise coffee production and improve thequality of exports to meet world market requirements.
Though Vietnam is the world's second largest coffee exporter after Brazil , profits have been minimal. Other countries not even growing coffee have reaped higher profits by selling value-added products that meet worldstandards.
Agriculture and Rural Development Minister Cao Duc Phat stressed to local authories that they needed to manage the quality of coffee seeds and preventthe sale of low-quality seeds, given the surge in demand.
Minister Phat also asked the Agro-forestry Processing Department to improvethe competitiveness of Vietnamese coffee beans.
The department plans to implement measures to improve coffee bean qualityand support farmers while they switch to using new, high-yield seeds.
The national standard for growing, harvesting, post-harvest processing, preservation and classification of robusta coffee exports will be applied by November.-Enditem
Tan confirmed that coffee exports looked particularly promising due to their already strong presence on overseas markets.
Head of the International Coffee Organisation Nesto Osorio said that despite ranking as the second largest coffee producing country worldwide after Brazil , Vietnam still had two advantages: it retained the world'slargest ouput of robusta coffee and the world's lowest production cost.
In addition, World Trade Organisation membership has substantially increased the opportunities for Vietnam 's coffee trade, giving it access to over 5billion customers.
Accession to the WTO has given the country a golden chance for coffee exports, as the organisation represents 95 percent of the world market and has an import turnover of 635 billion USD per year, according to presidentof Vietnam Cocoa and Coffee Association (Vicofa) Luong Van Tu.
The world demand for coffee was expected to increase by 120,000 tonnes a year to 8.4 million tonnes by 2018, Tu said at a seminar discussing the impact of two-years of WTO membership on Vietnam 's coffee, cocoa, pepperand cashew nut sectors in Hanoi early this month.
Participants agreed that with favourable conditions in terms of price and market, annual earnings of more than 2 billion USD were within the reach ofthe sector provided that it made the necessary investments.
Vietnam has been exporting 850,000 tonnes of coffee beans to more than 70 countries and territories every year. The figure reached more than 1 million tonnes last year, equivalent to over 1.6 billion VND. In the first half of this year, the country earned more than 1 billion VND from coffeeexports.
Vietnam has emerged as Germany 's second largest coffee exporter thanks to the local people's growing demand for the product. Figures released by the German Federal Statistical Office show that Vietnam shipped 234,000 tonnes of coffee to Germany last year, just behind Brazil , which supplied up to 288,000 tonnes. According to the office, coffee is popularamong Germans, who drank about 13 kg each in 2007.
Vietnam exported about 11,000 tonnes of coffee to Morocco last year, accounting for approximately half of coffee imports to the country. It aimsto increase the figure to 13,000-14,000 tonnes in 2008.
However, Vicofa vice president Doan Trieu Nhan said that Vietnamese coffee growers and processors should standardise coffee production and improve thequality of exports to meet world market requirements.
Though Vietnam is the world's second largest coffee exporter after Brazil , profits have been minimal. Other countries not even growing coffee have reaped higher profits by selling value-added products that meet worldstandards.
Agriculture and Rural Development Minister Cao Duc Phat stressed to local authories that they needed to manage the quality of coffee seeds and preventthe sale of low-quality seeds, given the surge in demand.
Minister Phat also asked the Agro-forestry Processing Department to improvethe competitiveness of Vietnamese coffee beans.
The department plans to implement measures to improve coffee bean qualityand support farmers while they switch to using new, high-yield seeds.
The national standard for growing, harvesting, post-harvest processing, preservation and classification of robusta coffee exports will be applied by November.-Enditem
