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Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee

Author

Listed:
  • To Thi Kim Hong

    (HCMC Open University, Vietnam.)

Abstract

Identifying factors of export price fluctuation in agricultural products is necessary to equip decision makers and producers with bases and tools in forecasting price fluctuation and then suggesting solutions for risk mitigation. This research integrated quantitative and qualitative methods to analyze and measure effects of some major factors on export price of Vietnamese coffee. The data of 34 years from 1981 to 2014 shows that coffee price have fluctuated with a cycle of 5-year increase and 7-year decrease. The study found major factors of the price fluctuation are exchange rate and export prices of other exporting countries like Brazil and Colombia. Export price of Brazilian coffee made a positive effect on the price of Vietnamese suggesting a competition between two countries in the world coffee market while Colombian coffee occupied its own market share. To promote sustainable growth in exports, Vietnamese coffee needs to maintain stable markets and invest more on branding and product quality to improve its competition capacity.

Suggested Citation

  • To Thi Kim Hong, 2016. "Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1756-1759.
    • Handle: RePEc:eco:journ1:2016-04-63
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    References listed on IDEAS

    as
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    4. Thompson,Henry, 2009. "International Economics," Cambridge Books, Cambridge University Press, number 9788175967199, November.
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    More about this item

    Keywords

    Price; Coffee; Export; Vietnam; Fluctuation;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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