Coffee exporters buy high, sell cheap

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A lot of Vietnamese coffee exporters have to purchase coffee from foreign businessmen to fulfill export contracts. The purchase prices are even higher than the export prices. The problem is that Vietnamese exporters have signed the contracts on exporting coffee, but they cannot collect coffee from farmers to fulfill the orders, because only 10 percent…


A Catalyst for Vietnamese Coffee, Cocoa

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Vietnam is the second largest coffee exporter in the world. Vietnamese coffee has high quality and becomes a favorite product in many countries. To create favorable conditions for coffee development, the Ministry of Agriculture and Rural Development has ratified the project on producing coffee and cocoa varieties for 2011-2015 with total investment capital worth VND66.2…


Speculators sell coffee as interest in crops wanes

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Coffee has joined wheat in speculators’ bad books, representing the only two raw materials in which they hold net short positions, amid a waning interest among investors in farm commodities. In exchange traded funds, farm commodity products "have seen a steady outflow of investor funds at an approximate rate of $10m a day" over the…


Coffee prices fall over weekend

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Viet Nam’s robusta coffee price in the local market on the Central Highlands dropped to VND50,000/kg on Saturday, from VND50,600/kg earlier last week. It was an eventful week for the coffee local market, though there were rumours about the frost season in Brazil, the world’s biggest coffee producer and exporter. For many people in the…


Vietnam July coffee export to drop from June-traders

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Vietnam is expected to export between 45,000 tonnes and 70,000 tonnes, or 750,000 to 1.17 million bags, of coffee this month, down from an estimated loading of 80,000 tonnes in June, traders said on Tuesday. “The (domestic) supply is drying up so buyers could switch to taking beans right from stocks in Europe,” a trader…


Cocoa prices at risk of ‘precipitous collapse’

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Cocoa prices are at risk of "precipitous collapse" if prospects for supplies improve further, ABN Amro warned as it raised its outlook for world production of the bean and a slowdown in consumption growth. The bank lifted by nearly one-half to 227,000 tonnes its forecast for the cocoa output surplus in 2010-11, highlighting an "extremely…


Vietnam delays coffee loading, default risk looms

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Vietnamese coffee exporters have delayed loading part of contracts totaling around 100,000 tons since May because of a shortage of stocks, an industry official said on Monday. This prompted at least two traders to raise concerns of possible defaults in shipments. The thin stocks in Vietnam, the world’s second-largest producer, coupled with an International Coffee…


Vietnam coffee trade dull as prices drop, delays emerge

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Vietnamese coffee exporters have delayed loading of around 40,000 tons, or nearly 670,000 bags, due to thin domestic stocks and a jump in local market prices beyond export levels, traders said on Tuesday. The delayed volume in Vietnam, plus up to 12,000 tons in shipment cancellations in Indonesia, may pile pressure on the buyers involved…


Export of agricultural, forest and seafood products valued at USD 12 billion

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Figures from the Ministry of Agriculture and Rural Development showed that the export value of agricultural, forest and seafood products in June reached USD 2.1 billion, raising the figure for the first six months of 2011 to USD 12 billion, a year-on-year increase of 38.7 percent. The two major export products of coffee and rubber…


Coffee prices fall over weekend

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Viet Nam’s robusta coffee price in the local market on the Central Highlands dropped to VND50,000/kg on Saturday, from VND50,600/kg earlier last week. It was an eventful week for the coffee local market, though there were rumours about the frost season in Brazil, the world’s biggest coffee producer and exporter. For many people in the…


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