FACTBOX - Vietnam's 2011/2012 coffee production - RTRS
(Reuters) - Vietnam's coffee output from the 2011/2012 harvest due to end next month is likely
to be 9 percent higher than the previous harvest, a senior industry executive said
on Wednesday. [nL3E7N73DA
related preview of a coffee conference in Ho Chi Minh City, click [nL4E7N21EM]
are key data and facts about Vietnam's coffee production in the current crop
year ending September 2012, which accounts for 14.5 percent of
global output, based on ICO data.
Vietnam's coffee production and
exports (million bags):
Crop year (Oct-Sept) 2011/12 2010/11 2009/10
area 555,065 537,000
- Vicofa (Dec 7) 20.83 19.17 17.5
- ICO (Nov
10) 18.5 19.47 18.2
- ABN AMRO/VM (Aug 30) 21.5 20.0 18.4
- Reuters poll (July 21) 21.0 18.5 19.33
- USDA (June 20) 20.60 18.73 18.5
- Traders (May 2011) 23-24 21-22
- ICO (March
9) 1.58 1.21
Export 21.17 19.97
(Vicofa: The Vietnam Coffee and Cocoa
The coffee crop year runs from October to September in
the world's second-biggest producer after Brazil.
harvest started peaking from late November and will end
January, before the lunar new year starts on Jan. 23, 2012.
About 30 to 40 percent of the
harvest has been picked now, Intimex General Director Do Ha Nam said.
previous harvest ended in December 2010, two weeks earlier than usual, as
farmers in the Central
Highlands coffee belt rushed to
pick beans to catch up with good prices.
80 percent of Vietnam's coffee comes from the region, which borders Laos and
Cambodia to the west.
Vietnamese companies and
individuals have also leased land in the two neighbouring countries to grow
coffee belt has five provinces: Daklak, Lam Dong, Gia Lai, Dak Nong and
Kontum, with output ranking in that order. Daklak alone
produced around 6.7 million bags of coffee a year, about a third of Vietnam's
also grows catimor, a variety of arabica. Main areas include the northern
province of Son La, Quang Tri province in the
central region and Lam Dong in the Central Highlands.
most common coffee export grade is robusta grade 2, 5 percent black and
broken. They are often
quoted at a discount to London
robusta futures as buyers want to hedge against risks in delivery timing and
said foreign buyers were waiting for prices to fall at the harvest peak and
would jump in to buy if the discount widens to
$100 a tonne from $10-$40 now.
of robusta rose to between 40.7 million dong and 41.1 million dong on
Wednesday in the Central Highlands,
from 39.3-39.4 million dong a
week ago, tracking London's rise on Tuesday when the January contract LRCF2 increased $4 to finish at $2,010 a
For Vietnam's latest coffee
export prices: COFFEE/ASIA1.
exporters have not started buying beans under an industry-backed plan
intended to stockpile more than 440,000 tonnes,
or 35 percent of the country's 2011/2012 crop output.
have reached agreement with banks over funding, but as farmers were holding
back on fresh beans, exporters have not
been able to carry out the stockpiling, Nam said.
plan, if implemented, could help support London prices as it will reduce the
outflow of Vietnamese robusta beans.
Vietnam may have exported a
record 1.31 million tonnes, or 21.83 million bags, in the 2010/2011 crop.
figure is based on government export data for the October 2010-September 2011
crop year,plus loading volumes in October
and November, before fresh supplies started hitting the market, traders said. [nL4E7MO0VH]
country has more than 150 export firms, but 20 companies account for the bulk
of the overall export volume.
exports coffee to more than 80 countries and territories, with the United
States, Germany, Belgium,Italy and Spain leading the top
10 buyers so far in 2011.
Malaysia, Indonesia and China
have emerged as growing markets for Vietnamese coffee, exporters said.
(Reporting by Ho Binh
Minh; Editing by Ramthan Hussain) ((