Global coffee prices may surge early next year as tighter bank lending in top robusta producer Vietnam chokes off cash to exporters, cutting supply and pushing up premiums even as the harvest rolls in. London robusta prices could rise by about 10-20 percent, leaving roasters with no choice but to pay up until farmers in [...]
Vietnam’s coffee export in 2011 is forecasted to hit a record of $2.7 billion for 1.2 million tonnes, remaining unchanged in export quantity but surging up to 45.4 percent in value from 2010, according to the Ministry of Agriculture and Rural Development. The country’s coffee export in December slipped slightly from November. The average coffee [...]
Coffee traders are facing difficulties sourcing products on the back of farmers’ hoarding. Thang Loi Coffee Company general director Nguyen Xuan Thai said: “Coffee farmers have stored their products in the hope of better prices in the coming months, putting pressures on coffee exporters.” Coffee now fetches VND37,000 per kilogramme against VND40,000 per kilogramme a [...]
Vietnam expected to gain a record high of $2.4 billion in coffee exports this year, 58 per cent higher than last year, said the Vietnam Coffee and Cacao Association. The sharp increase in export value was due to a surge in the average export price, rising from $1,368 per tonne last year to $2,134 per [...]
Vietnam earned a record US$2.7 billion from exporting 1.2 million tonnes of coffee in the 2010-2011 crop, according to the Vietnam Coffee-Cocoa Association (VICOFA). VICOFA Secretary General Nguyen Viet Vinh says among Vietnam’s 80 coffee importing markets, the US is Vietnam’s biggest consumer in 2011 with 140,000 tonnes, followed by the EU. It is expected [...]
Coffee shipments from Vietnam, the world’s largest producer of the robusta variety, may climb to about 2.5 million bags, or 150,000 metric tons, this month, Sao Paulo-based Archer Consulting said yesterday in an e-mailed report. The Southeast Asian nation exported 70,745 tons last month, according to a report today on website of the country’s General [...]
Vietnam ’s coffee export hit 1.06 million tonnes over the last 11 months, according to Vietnam Coffee and Cocoa Association. This number is similar to the figure in the same period of 2010, however, it had brought home a turnover of $2.3 billion, up 1.5 fold. In November alone, Vietnam shipped abroad 30.000 tonnes of [...]
Coffee beans from the season started last month in Vietnam, the world’s largest producer of the robusta variety, will reach Europe by mid-December at the earliest, helping erode stockpiles, Volcafe said. Robusta stockpiles with valid grading certificates in warehouses monitored by NYSE Liffe were 311,670 metric tons as of Nov. 14, down 6.2 percent from [...]
Vietnam has a record high coffee export turnover in 2010-2011. However, the good news has been shadowed by a lot of big worries about the coffee quality problems and the disappearance of many exporters. The growth unsustainable The coffee output of the 2010-2011 crop reached 1.1 million tons, which allowed to bring the record high [...]
A large number of enterprises insist that the regulation on conditions to export coffee is merely an administrative measure and that it doesn’t help solve the industry’s problems. This view was shared by many traders at the conference to review the 2010-2011 crop and suggest guidelines for the next crop held by the Vietnam Coffee [...]
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