Switzerland unexpectedly increases coffee purchases from Vietnam; fruit and vegetable exports in 7 months expected to exceed the whole of 2022

Switzerland increases coffee purchases from the Vietnamese market; Vietnamese rice export prices continue to stay high... are highlights in the export news bulletin on July 14-16.

Switzerland increases coffee purchases from Vietnamese market

According to data from the International Trade Center (ITC), in May 2023, Switzerland imported 18.34 thousand tons of coffee, worth 111.39 million USD, up 11.5% in volume and 7.4% in value compared to April 2023, down 21.6% in volume and 18.2% in value compared to May 2022.

In the first 5 months of 2023, Switzerland imported approximately 87.36 thousand tons of coffee, worth 525.9 million USD, down 9.2% in volume, but up 0.9% in value over the same period last year.

In the first 5 months of 2023, Switzerland imported 77.63 thousand tons of coffee, excluding roasted and decaffeinated coffee (HS 090111), worth 430.43 million USD, down 9.7% in volume, but up 0.4% in value compared to the same period last year.

Xuất khẩu ngày 14-16/7: Thụy Sỹ bất ngờ tăng mua cà phê từ Việt Nam; xuất khẩu rau quả 7 tháng dự báo vượt cả năm 2022

In the first 5 months of 2023, Switzerland imported approximately 87.36 thousand tons of coffee, worth 525.9 million USD, down 9.2% in volume, but up 0.9% in value compared to the same period last year. (Source: Tien Phong Newspaper)

In contrast, Switzerland increased its imports of roasted coffee, excluding decaffeinated coffee (HS 090121), up 0.7% in volume and 9.5% in value, reaching over 5 thousand tons, worth 63.45 million USD.

In May 2023, the average import price of Swiss coffee reached 6,072 USD/ton, down 3.7% compared to April 2023, but up 4.3% compared to May 2022. In the first 5 months of 2023, the average import price of Swiss coffee reached 6,020 USD/ton, up 11.1% over the same period last year.

In the first 5 months of 2023, Switzerland imported coffee from over 50 countries and territories around the world . The main coffee suppliers for Switzerland include Brazil, Colombia, Vietnam, India, Costa Rica...

According to ITC, in the first 5 months of 2023, Switzerland imported 21.66 thousand tons of coffee from Brazil, worth approximately 111.9 million USD, down 14.4% in volume and 1.4% in value compared to the same period last year.

Brazil's share of coffee in total Swiss imports decreased from 26.29% in the first five months of 2022 to 24.8% in the first five months of 2023.

In contrast, Switzerland increased coffee imports from Vietnam in the first 5 months of 2023, up 8.1% in volume and 11.6% in value over the same period last year, reaching 8.18 thousand tons, worth 19.11 million USD.

Vietnam's coffee market share in Switzerland's total imports increased from 7.86% in the first 5 months of 2022 to 9.36% in the first 5 months of 2023.

Vietnamese rice export prices continue to remain high

The Vietnamese rice market attracted attention when, as of mid-June, the price of 5% broken rice had increased to the highest level since April 2021, reaching about 498 USD/ton, higher than Thailand and India. Up to now, Vietnam's rice export prices have continued to increase, remaining at a high price range.

According to the Food Association, on July 13, the price of 5% broken rice from Vietnam reached 513 USD/ton, an increase of 5 USD/ton compared to the beginning of July.

The Ministry of Industry and Trade assessed that the El Nino weather phenomenon appearing in Asia is causing concerns in many countries about food production activities. Vietnamese rice prices continue to stay at high prices due to high global demand, while domestic supply is scarce due to the end of the old harvest.

In the coming time, in addition to continuing to maintain the growth momentum in both value and volume, according to the representative of the Ministry of Industry and Trade, businesses need to take advantage of the opportunity of high prices to innovate in market development.

"In terms of trade, we focus on building the Vietnamese rice brand to shape and enhance the value of rice. In addition to our position as one of the largest rice exporting countries in the world, Vietnamese rice also means delicious, high-quality and safe rice. Building the brand of each enterprise is important, so that in addition to the general brand of the country, enterprises are associated with specific types of rice," said Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department, Ministry of Industry and Trade.

According to the balance of supply and demand of rice for export of the Ministry of Agriculture and Rural Development , in general, the production situation of the whole country in 2023 after deducting domestic consumption, the amount of goods for export mainly concentrated in the Mekong Delta region is estimated at about 13 million tons, equivalent to about 6.6 - 7 million tons of rice for export in 2023.

Fruit and vegetable exports in 7 months are expected to exceed the whole year of 2022

Fruit and vegetable exports are a bright spot in the agricultural sector. In the first 6 months of the year alone, the industry brought in nearly 2.8 billion USD, equal to 81.8% of the whole year of 2022. If nothing changes, a new record for this year will soon be set.

Fruit and vegetable exports are a bright spot in the agricultural sector. (Source: Vietnam Agriculture Newspaper)

It is expected that after only 7 months of this year, the export value of fruits and vegetables will surpass the figure of nearly 3.2 billion USD of last year. Along with the reopening of China after the Covid-19 pandemic, the impressive growth of durian products, as well as the diversification of markets, are leaving an unprecedented mark on fruit and vegetable exports.

According to the Department of Crop Production, Ministry of Agriculture and Rural Development, Vietnam is the 14th largest fruit producer in the world with a total area of over 1.2 million hectares. Vietnam's fruit and vegetable export value began to exceed the 1 billion USD mark in 2013 and has continuously exceeded 3 billion USD per year in recent years.

It is forecasted that in the last two quarters of the year, there will be nearly 7.6 million tons of main fruits that need to be consumed. The fruit supply is and will be very abundant, well meeting export orders in the coming time.

Source