In 2023, Vietnam sold a record $4.2 billion worth of coffee, becoming the world’s second largest coffee exporter for the first time. RIA NewsVietnam’s coffee exports increased 1.5 times compared to the previous year.
It has also surpassed traditional grain suppliers, including Switzerland, which currently ranks third in the world rankings. Brazil continues to be the undisputed leader with an export volume of $7.35 billion, although its figures decreased by 14% on an annual basis.
In addition to Vietnam, Spain and France also increased coffee exports in 2023. At the same time, supplies from other major market players (Guatemala, Indonesia, Nicaragua and India) also decreased.
At the end of March, it was learned that world prices of cocoa beans increased for the first time. exceeded 10 thousand dollars per ton set a new record just a few days after the previous one. This is due to abnormally hot weather in Ivory Coast, the largest supplier of cocoa.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.