900,000 tonnes of coffee already exported

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By early August, Vietnam has exported 900,000 tonnes of coffee, earning around US$2 billion. According to the Vietnam Coffee and Cocoa Association, total coffee export volume is estimated to reach 1.3 million tonnes this year, representing a value of nearly US$3 billion. The coffee supply on the global market is currently limited, causing the price…


Options whirlwind shatters rally in coffee futures

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Coffee futures slumped nearly 7%, pulled lower by large trades in the options market, despite a warning from a leading industry group of "fragile" supplies and "promising" demand prospects. New York coffee for December delivery tumbled 6.7% to 265.10 cents a pound at one point, the contract’s biggest drop in more than a year. The…


Commodity market would benefit VN coffee

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Viet Nam has exported 14.24 million sacks of coffee, or 955 million tonnes, in the last 10 years – 91 per cent of total production. Exports dropped 17 per cent last year compared to 2009, but have risen in 2011. The price has also soared. Reporter Bich Ngoc spoke to Luong Van Tu, chairman of…


Vietnam coffee premium said to drop as much as 18% in two weeks

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The premium buyers are prepared to pay for coffee in Vietnam fell as much as 18 percent in the past two weeks as roasters turned to beans stored in Europe, three traders said. Vietnamese coffee cost $140 to $150 a metric ton more than prices on NYSE Liffe in London, according to the people, who…


Farm export value falls below targets

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Some key farm export products are struggling to reach targets this year due to a lack of raw materials and disadvantages on the world market, the Ministry of Agriculture and Rural Development has said. The ministry has reduced expectations in export value for seafood, coffee and rubber. Export prices on the world market were expected…


Coffee farms hit by falling berries

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More than 60,000ha of coffee plantations in the Central Highland province of Dak Nong have been hit by early falling berries over the past month, leaving local farmers hundreds of billions of dong out of pocket. Around 30-40 per cent of berries have fallen, and the harvest is likely to be thousands of tonnes less…


Coffee to Outperform Cocoa on Supply Deficit, Olam Says

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Coffee may outperform cocoa as production falls short of demand, tightening global supply, said Olam International Ltd. (OLAM), one of the world’s three biggest suppliers of both commodities. “The difficulties in terms of adequate supply and declining stocks-consumption ratios will support coffee prices in the near term,” said Sunny Verghese, chief executive officer of Olam.…


Time to wake up and smell the coffee

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More changes are needed to promote forward coffee transactions at Vietnam’s first coffee exchange centre. Buon Ma Thuot Coffee Exchange Centre (BCEC) statistics showed that in the first three months of a forward coffee transaction trial at the centre the transacted value totalled around VND250 billion ($12.07 million) averaging VND5 billion ($24,000) per session. Besides,…


Ministry proposes coffee board

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HA NOI — The Ministry of Industry and Trade has proposed a National Coffee Co-ordination Board aimed at assisting Government advisors in issuing and implementing policies related to the coffee industry. According to the ministry, the new board would additionally be responsible for regulating domestic and foreign market prices as well as export activities. Until…


Mexico coffee farmers shelter from risk behind hedges

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(Reuters) – For generations, indigenous coffee farmers in the lush mountains east of Mexico’s capital sold their beans to middlemen without understanding the workings of the international coffee market. Now some of those same farmers, tired of falling victim to wild price swings, have taken the unique step of learning the complexities of derivatives trading…


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