Exports of coffee in the first six months falls by around 20 per cent year-on-year. (Photo: VNA) Hanoi (VNA) – Vietnam exported 943,000 tonnes of coffee worth 1.6 billion USD in the first half of 2019, representing decreases of 9.2 percent and 19.9 percent year on year, respectively. In June alone, the country shipped abroad 165,000 tonnes of coffee, raking in 274 million USD, reported the Ministry of Agriculture and Rural Development (MARD), saying that most markets except the Philippines reduced purchases. The sharp fall in export earnings was caused by the price of robusta coffee falling in London due to a global glut, with Vietnam getting the lowest rates of all exporters. Around 80 percent of Vietnam’s exports comprise of raw beans, which do not always meet ripeness requirements and are occasionally contaminated by impurities. Exporters said around 80 percent of coffee exports are done using a method in which they sign a sales contract, receive a … [Read more...] about Vietnam’s coffee exports plummet as robusta prices fall
Symphony touch 80 price
VN coffee exports plummet as robusta prices fall
Exports of coffee in the first six months fell by around 20 per cent year-on-year. – VNA Photo Vũ Sinh HCM CITY — Việt Nam’s coffee exports dropped by around 20 per cent in the first half of the year. According to the Agricultural Products Processing and Market Development Department under the Ministry of Agriculture and Rural Development (MARD), coffee export value was worth US$1.6 billion in the first six months as most markets except the Philippines reduced purchases. Most countries are sitting on large stocks. Việt Nam’s export volumes were 943,000 tonnes during the reviewed period, 9.2 per cent lower than in the same period last year, while the export value was down 19.9 per cent year-on-year. The sharp fall in export earnings was caused by the price of robusta coffee falling in London due to a global glut, with Việt Nam getting the lowest rates of all exporters. Around 80 per cent of Việt … [Read more...] about VN coffee exports plummet as robusta prices fall
Tet market: purchasing power surges, prices steady
Many supermarkets have been running promotional program to boost demand. On February 2 (December 28 in lunar calendar), the amount of goods coming to the city strongly rose. At wholesale markets, including Thu Duc, Binh Dien and Hoc Mon, the amount of goods nearly touched 15,000 tons per night, up 60 percent compared to normal days. Thu Duc Market is currently trading around 150 types of vegetables and fruits supplied from various provinces and cities across the country as well as imported ones from the US, Australia, Chile, China, New Zealand and India. Inspection and supervision for quality of goods and food safety as well as fire protection have been carrying extremely well. At food producers like Vissan, San Ha, Ba Huan and Vinh Thanh Dat, the amount of goods sent to market surged an average of 100-200 percent. Distributors also closely collaborate with suppliers to best meet shopping demand of the city’s residents. General purchasing power rocketed sharply by 70-80 percent … [Read more...] about Tet market: purchasing power surges, prices steady
September 3- 9: Concert: Vietnam Tour of NHK Symphony Orchestra
HANOI PERFORMANCE Contemporary Music Concert “Shades of Sounds” 8 pm, September 8 Manzi Art Space 14 Phan Huy Ich, Hanoi Manzi is pleased to host “Shades of the Sounds” – a concert of contemporary music by the Hanoi New Music Ensemble and Đông Kinh Cổ Nhạc the Ancient Music Group of Tonkin, featuring works by composer Vu Nhat Tan and Tuong – traditional opera of Vietnam. Surcharge: VND 150,000 /person Concert: Vietnam Tour of NHK Symphony Orchestra, Tokyo 8 pm, September 7 Hanoi Opera House 1 Trang Tien, Hanoi You are invited to a concert featuring violin soloist Christian Tetzlaff. The concert features works including Eugene Onegin, Op.24, Act III: Polonaise and Symphony No.4 in F Minor, Op.36 of Tchaikovsky, and Symphonie Espagnole, Op.21 of Lalo Ticket prices: VND 500,000 | VND 800,000 | VND 1,000,000 | VND 1,500,000. EXHIBITION Exhibition “Art & Technology: Art as Insight” Heritage Space 6 Nguyen Hoang, My … [Read more...] about September 3- 9: Concert: Vietnam Tour of NHK Symphony Orchestra
Oil prices soar to highest level in years on Mideast tensions
File photo of section of an oil platform in the North Sea, around 160 kilometres east of Aberdeen, Scotland. (AFP PHOTO/POOL/ANDY BUCHANAN) World oil prices extended Wednesday's gains on the back of data showing a drop in US stockpiles - indicating improved demand - and expectations that a Russia-OPEC output cap deal will be kept in place. The market was also propelled after OPEC kingpin reportedly stated it wanted crude prices to top US$80 per barrel as it prepares for a gigantic listing of part of its state oil company. Tensions in the oil-rich Middle East also kept prices elevated. "WTI and Brent Crude have hit fresh 41-month highs after Saudi Arabia stated they would be happy for oil to reach US$80 or US$100," said market analyst David Madden at CMC Markets UK. As OPEC members met on Thursday in Saudi Arabia, the cartel's largest producer was seen as favouring strengthening the partnership with Russia that has successfully limited production to mop up the glut that had sent oil … [Read more...] about Oil prices soar to highest level in years on Mideast tensions