US: VN’s coffee output to increase by 7 percent

Coffee production in Vietnam will rise 7 percent next year because of favourable weather, a US Department of Agriculture (USDA) unit has said.

Output will increase to 18.7 million bags in the 12 months starting Oct. 1 from an estimated 17.5 million this year, the USDA’s Foreign Agricultural Service said in report posted recently on the agency’s website.

Vietnam produced 18 million bags in the year that ended Sept. 30. A bag weighs 60 kilogrammes.

Production will increase “due to reasonable rainfall during the coffee-blossoming period and the current drought of the dry season not yet reaching a critical point for coffee trees in the major coffee-growing areas,” the service said.

Projected output is down this year because of early torrential rains, the unit added.

Robusta coffee accounts for 97 percent of the country’s total output. Arabica production is projected to rise because of the expansion of growing areas, the service said.

Last year, Vietnam ’s export volume of robusta rose 10 percent to 1.17 million tonnes, with its value dropping 19 percent to 1.7 billion USD.

The service also noted that Vietnam , the world’s second-largest rice exporter and second-biggest producer of robusta coffee, aims to improve the quality of commodities to increase their export value, rather than concentrate on just raising their volume.

Tags: ,

Posted by VBN on Jun 7 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • India gold prices declined by Rs 643 from the record levels
  • Gold prices fall 1 percent, silver was down 0.5 percent at $41.40 an ounce
  • Gold futures fall from record-level, Silver down on profit booking
  • Gold price heads to $2,000 on rush to safety
  • Silver prices declined to Rs 63,301 per kg in the futures trade today
  • Gold traders buy as prices fall over 2 per cent
  • Gold price in Vietnam sank to below VND47.6 million a tael on September 7
  • India gold prices declined by Rs 643 to Rs 27,326 per 10 grams

Sponsored

Looking for an overseas forex broker?