VietNamNet Bridge - Vietnam saw a sharp decrease in coffee exports in the first four months of the year, which is attributed to lower demand from the world’s roasters and increased output from China. A Ministry of Agriculture and Rural Development (MARD) report showed that Vietnam exported 466,000 tons of coffee in the first four months of 2015, worth $970 million, a decrease of 41 percent compared with the same period last year. Nguyen Quang Binh, director of Chanh Tinh Anh Coffee Company, noted that China has been trying to develop a coffee growing area to increase output for domestic sales and exports. An official of Yun Nan province said in a recent interview that the coffee growing area in the province reached 125,000 hectares from 40,000 hectares some years ago, which is equal to 85 percent of the total coffee growing area in China. Binh said China had been a big importer (it imports 30,000 tons of coffee from Vietnam every year) until last year when it began … [Read more...] about Is Chinese coffee obstructing Vietnamese coffee exports?
Vietnamese coffee export
Under the agreement, the Dong Nai-based firm will use the loan to stockpile coffee beans from local growers and develop its 1,000-hectare coffee plantations in Laos. Standard Chartered Vietnam CEO said that the credit package is expected to help Tin Nghia strengthen its coffee production and export business. A Tin Nghia representative said it is one of the three largest coffee exporters in Vietnam, shipping an estimated 100,000 tonnes and earning around US$200 million each year. Last January, Standard Chartered Vietnam also made a deal to lend US$70 million to the An Giang Plant Protection Company to help it develop large-scale paddy fields in the Mekong River Delta. … [Read more...] about Standard Chartered supports Vietnamese coffee exporter
The whole year forecast is for exports to reach 1.15 million tons, bringing revenues of $1.75 billion, it said. Coffee exports rose 14.9 percent in volume year-on-year, but fell 19.2 percent in value due to the effect of global financial crisis. In Vietnam, coffee currently grows on an area of 521,000 hectares, 500 hectares lower than last year. Expected output of next year's crop is to reach more than one million tons, a drop of 700 tons than previous crop due to nearly 7,000 hectares of coffee trees damaged by recent storms. Vietnam exports coffee to 88 countries and territories and is the second largest coffee exporter in the world. However, according to a report by the International Coffee Organization (ICO) on September 1, 75 percent of Vietnamese coffee did not meet quality improvement standards. This has seriously damaged the fame of Vietnamese coffee on the global market, it said, adding that firms should improve the quality of their produce, as well as ensure food safety and … [Read more...] about Vietnamese coffee exports rise 15%
Major commodity exchange NYSE Liffe has launched a scheme to grade robusta coffee supplies in Vietnam, a move that experts believe will help exporters and farmers. Under the plan, 50-ton parcels of coffee will be stored in warehouses in Ho Chi Minh City under Liffe's supervision. Samples will then be sent to the UK to be graded. Approved stocks get a certificate valid for six months and can be delivered with no need for retesting, according to reports. Dow Jones cited Peter Blogg, Liffe's head of commodity product management, as saying the scheme could bring more transparency to the market as there will be more of an idea of how much coffee in Vietnam is deliverable. He said the grading will also help exporters secure financing for coffee by attaching a futures value to the supplies at origin. The second-largest European derivatives trading platform also plans to roll out similar schemes to other coffee producers such as Indonesia and Brazil. Experts said the grading by … [Read more...] about Grading scheme to benefit Vietnamese coffee exports
VietNamNet Bridge - It is estimated that in the 2011-2012 crop, Vietnamese enterprises need to purchase 400,000 tons of coffee material to be capable to regulate the market. Vietnam put out 1 million tons of coffee in the 2010-2011 crop. However, more than 50 percent of the output was purchased by foreigners. The foreign businessmen have nearly controlled the domestic coffee price. Especially, they took the actions to tarnish the good repute of Vietnamese enterprises, thus persuading international importers to shift to do business with them. Domestic market controlled by foreigners A report released by the Vietnam Cocoa and Coffee Association (Vicofa) showed that two years ago, the volume of coffee material collected by foreign businessmen on the domestic market only accounted for 15 percent of the total output. Meanwhile, the figure has risen to 50-60 percent. Some 20 foreign coffee trade companies have been present in Vietnam, including the big names. This has made the … [Read more...] about 15 trillion dong needed to rescue Vietnamese coffee exporters