Vietnam’s coconut exports to reach 1 bln USD in 2024

HANOI, Aug. 28 (Xinhua) — Vietnam’s coconut exports are projected to hit 1 billion U.S. dollars this year, driven by the signing of a protocol for official export of fresh coconuts to China earlier this month, Vietnam News reported, citing the Vietnam Coconut Association, on Wednesday.
The newspaper quoted Nguyen Huu Tai, a farmer with 1 hectare of coconut trees in Ben Tre Province, as saying that the protocol was good news for coconut growers, as opening up the Chinese market will develop a stable consumption market for coconuts and avoid falling prices.
The Vietnam Fruit and Vegetable Association expected the export of fresh coconut to increase by around 200-300 million dollars by the end of the year and continue to grow significantly in the near future.
Vietnam’s fresh coconut exports reached around 800 million dollars in the 2022-2023 period with China being the biggest importer. ■