The current coffee export system needs to be restructured to promote Vietnam’s global coffee brand value and make the local market healthier. Deputy Minister of Agriculture and Rural Development Diep Kinh Tan sheds some light on the issue. Local firms have seen a dwindling market share since foreign-invested enterprises (FIEs) are trying to buy materials [...]
Farmers from Vietnam to Brazil will supply a record robusta crop in the marketing year that begins next month, extending a slump in coffee futures that spurred Kraft Foods Inc. and J.M. Smucker Co. to cut prices. Production will rise 5.4 percent to 3.29 million metric tons (54.9 million 60-kilogram bags) in the 2011-12 season, [...]
The return of coffee futures to gains on Monday, rebounding from losses of some 20% this month, may prove short-lived, as Vietnamese supplies “flood” the market, and South American producers sell. Rabobank forecast price falls in the range of soft commodities, foreseeing raw sugar falling to 22.0 cents a pound by the April-to-June quarter next [...]
Vietnam has become the first production country which Liffe (the London International Financial Futures and Options Exchange) allows setting up a storehouse and send samples to London to have quality tested at its center. On September 20, Peter Blogg, head of the coffee division of Liffe, which is now put under the management of NYSE [...]
The market for Viet Nam’s unprocessed coffee beans could become dominated by foreign companies, according to leading exporters who spoke at a recent meeting held in HCM City. Foreigners bought 50 per cent of raw coffee from the 2010 and 2011 crops, according to participants. They took Dak Lak Province which is the country’s biggest [...]
Foreign-invested businesses’ coffee purchases have eaten into local players’ market share. Dak Lak People’s Committee proposed the Ministry of Industry and Trade allow foreign-invested Man-Buon Ma Thuot Coffee Processing Company (Dakman) to directly purchase coffee from farmers. It argued the joint venture firm had allied with farmers in developing 3,676 hectares of coffee winning Common [...]
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