Premiums for Vietnam’s robusta coffee slipped from an all-time high ahead of the new harvest in October, while trading slowed to a trickle in neighboring Indonesia before a Muslim religious festival, dealers said on Wednesday. Vietnam’s grade 2, 5 percent black and broken beans for August shipment were $110 a ton above London’s September contract, [...]
By early August, Vietnam has exported 900,000 tonnes of coffee, earning around US$2 billion. According to the Vietnam Coffee and Cocoa Association, total coffee export volume is estimated to reach 1.3 million tonnes this year, representing a value of nearly US$3 billion. The coffee supply on the global market is currently limited, causing the price [...]
Interest in Vietnam’s lucrative coffee industry is brewing among foreign firms. Thai Hoa Vietnam Group chairman and general director Nguyen Van An said a number of South Korean and Japan investors were eying up investment opportunities at the company’s $32.5 million coffee processing complex in the Central Highlands province of Lam Dong. Thai Hoa, known [...]
Viet Nam has exported 14.24 million sacks of coffee, or 955 million tonnes, in the last 10 years – 91 per cent of total production. Exports dropped 17 per cent last year compared to 2009, but have risen in 2011. The price has also soared. Reporter Bich Ngoc spoke to Luong Van Tu, chairman of [...]
The premium buyers are prepared to pay for coffee in Vietnam fell as much as 18 percent in the past two weeks as roasters turned to beans stored in Europe, three traders said. Vietnamese coffee cost $140 to $150 a metric ton more than prices on NYSE Liffe in London, according to the people, who [...]
The Ministry of Industry and Trade has proposed a National Coffee Co-ordination Board aimed at assisting Government advisors in issuing and implementing policies related to the coffee industry. According to the ministry, the new board would additionally be responsible for regulating domestic and foreign market prices as well as export activities. Until recently, despite having [...]
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