Changes brewing in coffee industry
The coffee industry is restructuring itself to raise productivity, quality and value, according to the Việt Nam Coffee and Cocoa Association. Under the programme, the area under coffee is being kept at 600,000ha and there is a focus on planting new trees with higher productivity and quality, Lương Văn Tự, the association’s chairman, said. The industry would work to increase exports of processed coffee to achieve revenues of US$5-6 billion by 2030, he said. That would mean increasing the ratio of processed coffee from the current 10 per cent to 30-40 per cent. Speaking at a seminar titled “Future Development of Việt Nam Coffee Industry towards 2030” on December 9, Đoàn Xuân Hòa, former deputy director of the Department of Processing and Trade for Agro-Forestry-Fisheries Products and Salt Production, said the coffee industry has developed strongly in the last 10 years, exporting 1.2-1.5 million tonnes worth $1.7-1.8 billion a year and accounting for 15-20 per cent of the country’s agricultural exports.
