Agriculture Exports Soar 20%, Led By Durian, Coffee – CoffeeTalk

Vietnam’s agriculture exports in the first 10 months of 2024 increased by 20% to $51.74 billion, primarily driven by durian, coffee, and rice. Durian exports contributed $3 billion out of the $6.34 billion recorded from vegetables and fruits shipment. This year has been particularly favorable for the fruit sector, driven by strong demand from China. The Vietnam Fruit and Vegetable Association general secretary, Dang Phuc Nguyen, believes that vegetables and fruits exports can reach a new historic record of $7.5 billion for the whole year.

Coffee exports also reached unprecedented levels, amounting to $4.6 billion in the first 10 months, up 40%. The average export price for coffee reached $3,981 per ton, a 57% increase, driven by high demand from key markets, especially the Philippines and Malaysia. Rice exports maintained strong growth, with nearly 7.8 million tons shipped, valued at $4.86 billion. The average export price for rice was $626 per ton, up 12%. Major markets, including the Philippines, Indonesia, and Malaysia, showed robust growth in demand.

Industry insiders say 2024 has been a record-breaking year for the prices of many agricultural products, driving export turnover to new heights. Vietnam’s coffee price has climbed to the highest in the world at some points this year.

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