Coconut export forecast to hit 1 billion USD in 2024
(VOVWORLD) - Coconut exports are forecast to hit 1 billion USD this year, driven by the signing of a protocol for official export of fresh coconuts to China, according to the Vietnam Coconut Association.
 Coconuts processed for export in Ben Tre province. (Photo: VNA) |
Earlier this month, Vietnam and China signed three protocols on the official export of frozen durian, fresh coconuts and crocodile to China.
China’s opening the door for fresh coconut will bring significant opportunities for Vietnam’s coconut growers. With a population of 1.4 billion, China is a huge market, while its domestic coconut supply only meets around 10% of demand.
Vietnam is currently the seventh largest coconut producer in the world, with an output of around two million tonnes per year, mainly from the Mekong Delta region.