Colombia cuts coffee hopes as La Nina fears mount

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Coffee prices bucked a negative trend in farm commodities after coffee producers in Colombia, downgraded their output estimate for the third time in four months, amid growing fears for the revived La Nina weather pattern. Genaro Munoz, head of Colombia’s coffee growers’ federation, said that the coffee crop in the world’s second-ranked producer of arabica…


Vietnam cuts 2011 coffee export forecast to 1.12m tonne

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Vietnam, the world’s top robusta producer, has cut its annual coffee export projection for the calendar year 2011 to 1.12 million tonnes, or 18.7 million bags, from a previous forecast of 1.17 million tonnes, the agriculture ministry said. August’s export volume of 36,000 tonnes was below previous forecasts, leading to the downward adjustment for the…


Vietnam takes part in coffee conference in London

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Vietnam joined representatives from 80 other coffee importers and exporters worldwide at the 107 th session of the International Coffee Organisation (ICO) inLondon from Sept. 26-30. During the session, the delegates discussed the apparatus of the ICO in the new tenure, accessed the situation in the world market and made forecasts on worldcoffee outputs in…


15tr dong needed to rescue Vietnamese coffee exporters

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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…


Vietnam coffee exports may fall 23 percent in August, Marex says

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Coffee exports from Vietnam, the world’s largest producer of the robusta variety used in instant coffee, may have fallen 23 percent last month from the year earlier period, according to Marex Spectron Group. Bean shipments were estimated at 65,000 metric tons in August, down from 84,000 tons in the same period last year, the London-based…


Coffee rises on Brazil, Vietnam stockpiles; sugar, cocoa gain

Coffee futures rose to the highest in more than three months in New York on signs of limited global supplies. Sugar and cocoa also climbed. World coffee exports fell to 7.35 million bags in July from 8.2 million bags a year earlier, the International Coffee Organization said today. Vietnam, the world’s largest grower of the…


Vietnam coffee said to be trading at a discount before record production

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Buyers are demanding a discount for Vietnam’s coffee crop starting in October on speculation of record output, according to three people involved in the trade. The beans are trading at $70 to $90 a metric ton below the price on the NYSE Liffe exchange in London, according to the people, who declined to be identified…


Brazil’s official coffee output data ‘far too low’

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Is Brazil producing more coffee than it is letting on? Consumers had better hope so, or futures in arabica beans will be approaching 500 cents a pound. Judith Ganes-Chase, the veteran soft commodities analyst, has seconded the concerns of the US Department official who warned Agrimoney.com that figures from the Brazilian crop agency, Conab, did…


Vietnam’s coffee exports estimated at US$2.1 bil in eight months

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Vietnam is expected to export 40,000 tonnes of coffee worth US$86 million in August, according to the Ministry of Agriculture and Rural Development (MARD). The figure will raise the total value of coffee exports in eight months to US$2.1 billion, up 72.2 percent compared to the same period last year. Currently, the domestic price of…


Vietnam’s August coffee exports drop 49% as stockpiles dwindle

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Coffee shipments from Vietnam, the world’s second-largest exporter after Brazil, may have fallen 49 percent to 40,000 metric tons in August from the year before after accelerating sales earlier in the year thinned stocks. The preliminary figures, which may be revised, compare with exports of 78,000 tons in August 2010 and 53,000 tons last month,…


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