Skip to content
blue color orange color green color

Home arrow News
News
Viet Nam coffee output is seen at 18-20 MLN-Kg bag in 2008/2009 - ICO Head

    TRIESTE, Italy, Nov 12 (Reuters) - Coffee output in Vietnam, the world's No. 2 producer after Brazil, is expected to total 18-20 million 60-kg bags in 2008/09, above an official forecast, the head of International Coffee Organization said on Wednesday.

   In 2007/08, Vietnam produced 16.7 million bags of coffee.

   " Vietnam produces between 18 and 20 million bags this year," ICO Executive Director Nestor Osorio told a coffee conference in Trieste .

   Earlier this month, the official Vietnam News Agency quoted an industry official saying that Vietnam   raised its 2008/09 coffee output by 11 percent to 16.7 million bags. (Reporting by Svetlana Kovalyova, Editing by Peter Blackburn)

 
Flood-hit Vietnam on storm alert, coffee at risk

    HANOI, Nov 7 (Reuters) - A tropical storm developing west of the Philippines could bring rain to disrupt Vietnam's coffee harvesting by early next week if it lands on the central coast, a storm-tracking website showed on Friday.

   Tropical storm Twenty Four, or Maysak, is forecast to arrive in the province of Binh Dinh, to the east of Vietnam's Central Highlands coffee belt, the Tropical Storm Risk (www.tropicalstormrisk.com) site showed.
 
SOFTS-Coffee, sugar tumble as dollar rallies

NEW YORK/LONDON, Nov 6 (Reuters) - Sugar and coffee futures were pummeled on Thursday, succumbing to broad-based pressure guided by sharply lower crude oil and global stock markets.

 
Nhiều nông sản rớt giá mạnh
TP- Giá hàng loạt mặt hàng nông sản cùng tuột dốc chưa có điểm dừng, trong đó giá 2 mặt hàng chiến lược cà phê, cao su đang là nỗi lo của hàng trăm doanh nghiệp, hàng triệu người dân Tây Nguyên.
 
 
Vietnam Coffee-Exporters delay shipment as prices drop

HANOI, Oct 28 (Reuters) - Sharp declines in Vietnam's domestic coffee prices, of as much as 13 percent in the past week, have prompted some exporters to delay shipments until November to escape losses, traders said on Tuesday.

   Vietnam , the world's second-largest coffee producer after Brazil , has started harvesting its 2008/2009 crop and there should be ample supply when the process peaks in two weeks.

   Traders in Vietnam said robusta prices this week dropped 13 percent from a week ago, to around 22,500 dong ($1.36) per kg  from 26,000 dong last Tuesday, following sharp falls in London and the prospect of abundant supplies from the current harvest.

   Dealers said they had not heard of any defaults, as in rival producer Indonesia , however.

   "The sellers were asking to delay shipment to next month," a trader at a foreign firm in Ho Chi Minh City said, but declined to give details.

   "No one has defaulted yet but if November prices go down further, they will lose a lot more," said a trader in Buon Ma Thuot, the capital of Daklak province, Vietnam 's top coffee growing area.

   Indonesian exporters have delayed shipments of at least 30,000 tonnes of beans to various buyers and could default on delivery after a sharp drop in London futures prices, dealers said [ID:nSP195414].

   A farmer in Buon Ma Thuot said at the current price of around 23,000 dong per kg, and given a cash cost of 18,000 dong, he could still make a profit of 20 percent.

   Traders said discounts to London's benchmark January <LDKF9> robusta futures were being offered at around $190 a tonne, versus $150 last week, putting Vietnam's spot quotations at $1,414 a tonne, free on board (FOB), on Tuesday <COFFEE/ASIA1>.

   Vietnam had sufficient coffee beans for delivery from the previous and current crops, another Ho Chi Minh City trader said.

   "The new crop beans have very good quality and supply is ample. It is just the problem with pricing that may cause some delays," he said.

   Prices in the Central Highlands coffee belt have fallen about 27 percent in the past month from 32,500 dong in the week ending Sept. 27. ($1=16,515 dong)

(Reporting by Nguyen Nhat Lam; Additional reporting by Ho Binh Minh; Editing by Clarence Fernandez)
 
<< Start < Prev 1 2 3 4 5 6 Next > End >>

Results 49 - 64 of 94

Login






Lost Password?
No account yet? Register

Iso 9001:2000

Saigon Court

Coffee

Bottled water

Fertilizer

Medal

Achievement