Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee
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 analy...
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| Format: | Article |
| Language: | English |
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EconJournals
2016-10-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/2792 |
| _version_ | 1797920943719317504 |
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| author | To Thi Kim Hong |
| author_facet | To Thi Kim Hong |
| author_sort | To Thi Kim Hong |
| collection | DOAJ |
| description | 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 1981-2014 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.
Keywords: price, coffee, export, Vietnam, fluctuation
JEL Classifications: F140, L110, M210
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| first_indexed | 2024-04-10T14:10:05Z |
| format | Article |
| id | doaj.art-966d3278e54c4caf9a00418f35f45a57 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:10:05Z |
| publishDate | 2016-10-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-966d3278e54c4caf9a00418f35f45a572023-02-15T16:09:49ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-10-0164Effects of Exchange Rate and World Prices on Export Price of Vietnamese CoffeeTo Thi Kim Hong0Hochiminh City Open UniversityIdentifying 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 1981-2014 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. Keywords: price, coffee, export, Vietnam, fluctuation JEL Classifications: F140, L110, M210 http://mail.econjournals.com/index.php/ijefi/article/view/2792 |
| spellingShingle | To Thi Kim Hong Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee International Journal of Economics and Financial Issues |
| title | Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee |
| title_full | Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee |
| title_fullStr | Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee |
| title_full_unstemmed | Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee |
| title_short | Effects of Exchange Rate and World Prices on Export Price of Vietnamese Coffee |
| title_sort | effects of exchange rate and world prices on export price of vietnamese coffee |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/2792 |
| work_keys_str_mv | AT tothikimhong effectsofexchangerateandworldpricesonexportpriceofvietnamesecoffee |