Vietnam exported an estimated 55,000 tonnes (917,000 60-kg bags) of coffee in July 2011, down 38.2% from the 89,000 tonnes shipped the same month last year, the General Statistics Office (GSO) said. It also revised down exports in June to 67,300 tonnes from its previous estimate of 80,000. That brought total exports in the first [...]
Coffee exporters in Vietnam, the world’s largest producer of the robusta variety, have delayed shipments of 670,000 bags of 60 kilograms (132 pounds), German researcher F.O. Licht said, citing unidentified traders. Coffee exporters in Vietnam, the world’s largest producer of the robusta variety, have delayed shipments of 670,000 bags of 60 kilograms (132 pounds), German [...]
Capital shortages are behind local coffee exporters’ less competitiveness to foreign rivals. Nguyen Minh Duong, vice director of Central Highlands’ Dak Lak province-based, leading coffee exporter Tay Nguyen Coffee Investment Export-Import Company, said Vietnam-based foreign coffee processors had used their big pockets to buy up a large volume of coffee beans from farmers. “Shortages of [...]
Coffee inventories in Vietnam, the top global producer of the robusta variety, can sustain only three months of exports, Nedcoffee BV said. Stockpiles came to 187,343 metric tons at the end of May, with 130,306 tons stored in bonded warehouses, the Dutch trader estimated in a monthly report e-mailed today. The Southeast Asian country exported [...]
The domestic prices of robusta coffee beans have been higher than the closing price at the London terminal market, causing huge losses to local exporters who are suffering a shortage of coffee. Last Thursday and Friday, in interviews on Viet Nam Television’s VTV1 Channel, local traders blamed international speculators for their losses and asked the [...]
A lot of Vietnamese coffee exporters have to purchase coffee from foreign businessmen to fulfill export contracts. The purchase prices are even higher than the export prices. The problem is that Vietnamese exporters have signed the contracts on exporting coffee, but they cannot collect coffee from farmers to fulfill the orders, because only 10 percent [...]
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