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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) |
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LONDON
, Oct 27 (Reuters) - Coffee futures fell on Monday as the dollar surged to a 2-1/2-year high versus the euro, while sugar erased losses on short-covering and
London
cocoa gained as the pound fell close to a 6-year low against the dollar.
The U.S. dollar rallied as plunging stock markets and fears of global recession prompted investors to abandon risky trades.
"Global financial and commodity markets are suffering again today as liquidations continue," wrote sugar trader Peter Hoyt in a daily market report of
UK
broker Sucden.
Coffee was the weakest among the soft commodities, as the stronger dollar triggered Asian hedging.
"The strengthening of the dollar against the Indonesian and Vietnamese currencies is bringing hedging to the
London
market," a
London
robusta coffee dealer said.
London
January robustas fell to a 17-month low, basis second month, of $1,580 per tonne. January stood at $1,583 per tonne, down $85 or 5.1 percent, in moderate volume of 6,512 lots at 1441 GMT. Dealers saw nearby support at $1,550.
ICE December arabicas were down 3.3 cents or 3 percent to $1.0535 per lb. Dealers saw support at $1.0330 per lb.
London
cocoa futures probed just above eight-month lows as recessionary fears dampened the outlook for soft commodities, and later recovered ground as the pound fell nearly 4 percent against the dollar, battered by recession fears.
U.S.
cocoa futures held just above Friday's 11-month lows, on pressure from index fund selling dictated by the stronger dollar.
"The
London
market has been dragged down by
New York
," a
London
cocoa trader said. "People want to be out of
New York
because of the stronger dollar."
Benchmark ICE December cocoa clawed back ground to trade down $35 or 1.8 percent at $1,942 per tonne, hovering above Friday's 11-month low of $1,867.
Cocoa farmers in the world's top grower,
Ivory Coast
, enter a second week of striking over prices, producers' unions said on Monday.
Farmers in the important southwestern region around the
port
of
San Pedro
, which handles nearly half the country's output, and in the less important eastern region began disrupting deliveries of cocoa last week to press their demands for higher prices.
ICE raw sugar fell almost 2 percent early, pushed lower by the stronger dollar, weak oil prices and worries over the outlook for global demand, and later recovered as participants covered short positions, dealers said.
ICE March raw sugar was up 0.06 cent, or 0.6 percent, to 10.82 cents a lb at 1457 GMT, just above Friday's four-month low, basis front-month, of 10.44 cents a lb.
London
benchmark December white sugar futures traded up $5.3 to $304.00, above Friday's 10-month low of $294.00 per tonne, basis front-month.
By David Brough |
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Trong niên vụ cà phê 2007/08 ( T10/07 – T9/08 ), Việt Nam đã xuất được 1.001 nghìn tấn cà phê( 16,69 triệu bao ) với kim ngạch 2,02 tỷ USD, giảm 21,8 % về lượng và tăng 6,41 % về trị giá so với niên vụ 2006/07.
Giá cà phê xuất khẩu trung bình trong niên vụ 2007/08 đạt 2.017,28 USD/tấn, tăng 36,07% so với niên vụ trước. Trong 10 ngày đầu niên vụ cà phê 2008/09, giá cà phê xuất khẩu trung bình của nước ta đạt 1.964 USD/tấn.
Trong 9 tháng năm 2008, lượng cà phê xuất sang hầu hết các thị trường chủ lực đều giảm khá mạnh so với cùng kỳ năm ngoái. Cụ thể, xuất sang Đức - thị trường xuất khẩu cà phê lớn nhất của nước ta đạt 94,95 nghìn tấn, giảm 30.77% so với cùng kỳ năm ngoái; Mỹ giảm 26,03%; Ý giảm 18,14%; Tây ban Nha giảm 25,41%...
Ngược lại, trong số các thị trường xuất khẩu cà phê chủ lực của nước ta trong 9 tháng qua, lượng xuất sang một số thị trường như Nhật bản, Bỉ và Hàn Quốc lại tăng rất mạnh, lần lượt tăng tới 21,34%; tăng 49,38% và tăng 36,67% so với 9 tháng năm 2007
Nguồn: Thông tin thương mại Tổng hợp |
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NEW YORK
, Oct 15 (Reuters) - Arabica coffee futures tumbled to settle down 4.8 percent at a 13-month low Wednesday, slammed by investor selling as stock markets sank on worries about a global recession amid the worst financial crisis in 80 years, traders said |
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