Skip to content
blue color orange color green color

Home arrow Tin tức arrow Vietnam Coffee-Low prices keep cap on trade
Vietnam Coffee-Low prices keep cap on trade
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.

Vietnam , the world's second-largest coffee exporter after Brazil , shipped 181,500 tonnes of coffee last January at the end of the harvest, the second highest volume after a record 244,000 tonnes loaded in January 2007.

   But with an average export price last year rising nearly 30 percent to $2,012 a tonne, free-on-board basis, farmers were not under financial pressure to sell to cover expenses before Tet, or the Lunar New Year festival, from Jan. 24 to 29 this year.

   Prices for a kilogram of robusta beans were quoted at 25,300-25,700 dong ($1.49-$1.51) in the Central Highlands on Tuesday, against 25,500-25,700 dong a week ago.

   Traders have said Vietnamese farmers could accelerate sales only if domestic prices reached 30,000 dong per kg, a level last seen in late September before the harvest started.

    Discounts for robusta grade 2, 5 percent black and broken were quoted at $140 a tonne to London 's March contract <LRCH9>, from $145 last week, pricing the beans for spot shipment at $1,520 per tonne, free-on-board Saigon Port. <COFFEE/ ASIA 1>

   There were no data yet for coffee exports so far this month and the government's statistics agency is expected to release the figure only in early February because the week-long holiday ends on Jan. 29.

   But traders said January's shipments were much lower than the figure a year ago. December coffee exports rose to an estimated 130,000 tonnes in 2008 from 110,000 tonnes a year earlier, government statistics showed.

   Vietnam has ended picking an estimated 1.2 million tonnes, or 20 million 60-kg bags, of coffee from the 2008/2009 crop harvest, from 1 million tonnes in the previous season, traders said.

   The country's coffee crop year lasts from October to September, starting with a four-month harvest.

   After Tet, domestic sales often rise because farmers need cash to buy fertiliser and fuel for their next crop cycle production between February and early May. ($1=16,973 dong)

By Ho Binh Minh
  Tin mới Tin đã đưa
<< Trang trước                    Trang sau>>

Đăng nhập






Bạn quên mật khẩu?
Chưa có tài khoản? Tạo một tài khoản

Iso 9001:2000

Saigon Court

Cà phê

Nước tinh khiết

Hạt nhựa, phân bón

Huân chương lao động

Giải thưởng