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Vietnam’s coffee exports in the third quarter of this year will slow down because supply is no longer abundant, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
In August 2023, Ethiopia's coffee industry achieved a significant milestone as it garnered USD 140 million in revenue from exporting 27,000 tons of coffee.
The Ethiopian Coffee and Tea Authority secured over USD 11 million in export earnings from spices in the recently concluded Ethiopian Fiscal Year.
Ethiopian coffee exporters are benefiting from the growing demand for their product in China, as more Chinese consumers develop a taste for Ethiopian coffee.
Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s export revenue of this product may exceed last year’s record of 4 billion USD.