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SINGAPORE, March 13 (Reuters) - At least 15,000 lots of Vietnamese coffee beans are being fixed for delivery this month, trade sources said on Friday, in a move that could weigh on London futures recently hit by origin selling.
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* Vietnam's 2009/2010 coffee crop at 16.67 million bags
* 2008/2009 coffee output seen at 16 million bags
* Rains help cut production cost
(Adds details, comments)
By Ho Binh Minh
HANOI, March 6 (Reuters) - Vietnam has revised its preliminary forecast of its next 2009/2010 coffee crop, saying output could rise 4.2 percent to around 1 million tonnes or 16.67 million bags, a senior industry official said on Friday.
"The crop can produce around 1 million tonnes, provided all conditions are favourable and the figure can be 5 percent up or down," Vietnam Coffee Association Chairman Luong Van Tu said after an industry meeting in the Central Highlands coffee belt. |
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KIGALI, Feb 13 (Reuters) - The International Coffee Organisation forecasts global demand will stand at 130 million 60-kg bags in 2009, outstripping an expected supply of 124-125 million bags, executive director Nestor Osorio said.
"We are going to see a year in which a deficit of supply could be around 6-8 million bags, consumption will be around 130 million," he said at a coffee conference in Rwanda's capital late on Thursday. (Reporting by Hereward Holland, Editing by Peter Blackburn)
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HANOI, Feb 13 (Reuters) - Following are domestic market
prices of Vietnam's key commodities quoted by traders and
official media in the Vietnamese dong <VND=> per kg.
Item Feb 9-13 Feb 2-6 Location
Coffee 24,900-26,000 24,500-26,200 Daklak, Lam Dong
Cocoa 37,500-38,000 33,000-39,000 Daklak
Black pepper 33,500-35,000 33,500-34,500 Southern region
Refined sugar 9,500 9,500 Mekong Delta
Winter-spring paddy 3,600-4,500 3,200-4,200 Mekong Delta
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HANOI, Jan 20 (Reuters) - Coffee trade in Vietnam slowed during the last week, before the country marks its most important festival this weekend with growers unwilling to sell while prices stay low, traders said on Tuesday.
"Farmers now mainly keep coffee in stock and only sell a little to get quick cash over Tet," a Vietnamese trader said by telephone from the
Central Highlands
coffee belt. |
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