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,…


Quality of UK wheat ‘makes up for’ drop in yield

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Speculation of the high quality of the UK wheat crop have been confirmed by official data showing even in regions affected by the historically-dry spring achieved better results. The wheat crop in Britain – which accounts for the vast majority of the UK harvest – is proving better than last year’s on all vital signs,…


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…


Import tax on raw cashew to drop 3%

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The import tax rate on raw cashews would be cut from 5 per cent to 3 per cent from the beginning of September, according to the Ministry of Finance. The rate is being cut following a proposal by the Viet Nam Cashew Association in order to increase the domestic cashew industry’s competitiveness as well as…


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