Vietnam’s coffee exports fall sharply in July 2011

tixung4.png

Vietnam exported an estimated 55,000 tonnes (917,000 60-kg bags) of coffee in July 2011, down 38.2% from the 89,000 tonnes shipped the same month last year, the General Statistics Office (GSO) said. It also revised down exports in June to 67,300 tonnes from its previous estimate of 80,000. That brought total exports in the first…


Going Cold on Coffee

images3.jpg

It sounded a bit weird to me at first. Iced coffee? I’d had a mouthful of forgotten coffee a few times before, each time more disturbing than the last. "You’ve got to get passed that ‘cold coffee’ thought." Explained Jim Cregan, the man behind Jimmy’s Iced Coffee. To be completely honest I still wasn’t convinced.…


Coffee rally may be about to run out of steam

tixung6.png

Coffee prices may be able to build on the rally which has seen them rebound nearly 15% in less than two weeks – but it will take further crop setbacks to do it. Futures in coffee deserve prices higher than historical levels, given that stocks are expected to end 2011-12 at "very thin" levels, in…


Foreign players brew up coffee market dominance

images.jpg

Capital shortages are behind local coffee exporters’ less competitiveness to foreign rivals. Nguyen Minh Duong, vice director of Central Highlands’ Dak Lak province-based, leading coffee exporter Tay Nguyen Coffee Investment Export-Import Company, said Vietnam-based foreign coffee processors had used their big pockets to buy up a large volume of coffee beans from farmers. “Shortages of…


Vietnam coffee stocks can sustain 3 months’ exports, trader says

images8.jpg

Coffee inventories in Vietnam, the top global producer of the robusta variety, can sustain only three months of exports, Nedcoffee BV said. Stockpiles came to 187,343 metric tons at the end of May, with 130,306 tons stored in bonded warehouses, the Dutch trader estimated in a monthly report e-mailed today. The Southeast Asian country exported…


EXPORTERS CRY FOR HELP AS LOCAL COFFEE PRICE SOARS

images1.jpg

HCM CITY — The domestic prices of robusta coffee beans have been higher than the closing price at the London terminal market, causing huge losses to local exporters who are suffering a shortage of coffee. Last Thursday and Friday, in interviews on Viet Nam Television’s VTV1 Channel, local traders blamed international speculators for their losses…


Growing La Nina fears dent hope for cocoa prices

tixung2.png

Growing expectations of a fresh La Nina questioned a prop for cocoa prices even as data showed speculators have already sold down heavily in the bean, putting it close to joining coffee and wheat on the list of crops on which they have net short positions. Analysis of regulatory data showed that managed funds –…


Robusta export market frozen

images2.jpg

The price of Robusta coffee beans fell to VND50,600 (US$2.4) per kilo in the Central Highlands of Viet Nam, VND600 under its quotation on last Friday. The fall came in line with the lower price at the close of London’s Robusta futures market on the last trading day last week. London’s futures market for robusta…


Coffee exports percolate in first half

tixung7.png

The country’s energised coffee sector enjoyed significant growth to most export markets in the first six months of the year. Belgium, the second largest consumer of Vietnamese coffee after the US, for example imported US$178.5 million worth of coffee, marking a six-fold increase over the same period last year. During the first half of the…


Vietnam stands in top 5 rice, coffee producers

tixung5.png

Vietnam has been ranked in the top five countries with largest outputs of rice and coffee, according to information from the Ministry of Industry and Trade. The rice output is ranked fifth after China, India, Indonesia and Bangladesh but its rice export stands second after Thailand. The country’s coffee output stands second after Brazil, yet…


Page 3 of 1012345...10...Last »