By Dang Khoa  August 3, 2018 | 11:00 am GMT+7 Vietnam could break coffee crop record in next season. Favourable weather conditions could see Vietnam produce 1.8 million metric tons of coffee this year, industry insiders have said. Le Tien Hung, the general director of Simexco Dak Lak, one of the country’s largest coffee exporters, told news agency Bloomberg this would be a record. He was very hopeful since Dak Lak Province, the nation’s coffee capital, has been blessed with lots of rain this year, he said. Farmers in the Central Highlands province have begun planting (huh, begun? When? You don’t plant coffee every season. The tree fruits for around 20 years) high-yield varieties and this would also contribute to the high output, he said. But some analysts were less sanguine about the bumper crop, saying since Vietnam is one of the world’s largest robusta producers, a record harvest would create a supply overhang and drag global prices … [Read more...] about Good weather set to bring cheer to Vietnam coffee farmers (sent to Radha)
Vietnam coffee farmers
Vietnam coffee farmers sell more as prices rise
The Hanoi Times - Coffee sales in Vietnam further strengthened in the past week as farmers sold more stocks of the commodity to exploit higher prices and strong demand from exporters, traders said They said domestic prices had risen more than 6 percent in the past month on robust demand from foreign buyers as well as higher London futures prices. On Tuesday, the industry body Vietnam Coffee Association (Vicofa) said domestic prices in Daklak, Lam Dong and Gia Lai, the country's largest growing provinces, averaged VND24,900 - VND25,000 ($1.4-$1.41) per kg, from VND24,800 on Monday and VND23,500 a month ago. Free-on-board prices for spot shipments stood at $1,450 a ton on Tuesday, up $15 from $1,435 on Monday and $1,430 a ton a week ago, Vicofa said. "We expect sales from farmers to stay strong throughout this week as the current price level should encourage them to unload stocks," a trader in Daklak capital Buon Ma Thuot said. Traders said discounts to London's May … [Read more...] about Vietnam coffee farmers sell more as prices rise
Vietnam coffee farmers increase selling ahead of Lunar New Year
Coffee farmers in Vietnam, the world’s biggest grower of robusta, are selling more beans before the Lunar New Year holidays, according to traders including Nguyen Van An of Thai Hoa Production and Trading Corp. “It’s easier for us to buy coffee from farmers now than last month because they are selling more to get cash for Tet,†An said by telephone Thursday from Hanoi. Vietnam’s ‘Tet’ Lunar New Year festival is next week. … [Read more...] about Vietnam coffee farmers increase selling ahead of Lunar New Year
Tech-savvy Vietnam coffee farmers brew global takeover
This picture taken on March 9, 2013 shows a guard standing near a collection of coffee machines inside Trung Nguyen Coffee village in Buon Ma Thuot Town in the Central Highlands province of Dak Lak. Most Vietnamese coffee farmers have never heard of a double tall skinny latte, but they could tell you the price of the beans that go into one in their sleep. Most Vietnamese coffee farmers have never heard of a double tall skinny latte, but they could tell you the price of the beans that go into one in their sleep. From hi-tech Israeli irrigation systems to text message updates of global prices for the commodity, coffee farming in Vietnam's Central Highlands has come a long way since the French first introduced the bean over a century ago. "I used to carry my coffee to market by bicycle," said 44-year-old farmer Ama Diem. "Now I check the bean price on my mobile phones" before making the trip. By texting "CA" to the number 8288 from any Vietnamese mobile phone, farmers almost … [Read more...] about Tech-savvy Vietnam coffee farmers brew global takeover
Vietnam coffee farmers hold back up to 30pct of crop, Volcafe says
Coffee farmers in Vietnam, the world’s largest producer of robusta beans, are holding back 25 to 30 percent of their crop, according to Volcafe, the coffee unit of commodities trader ED&F Man Holdings Ltd. Vietnam will produce a record 22.1 million bags of coffee in the season ending Sept. 30, up from 20 million bags a year earlier, the Winterthur, Switzerland-based trader estimates. A bag of coffee weighs 60 kilograms (132 pounds). Robusta coffee prices have fallen 7.3 percent in London since reaching this year’s high of $2,174 a metric ton on Feb. 16. Farmers “are still waiting for a higher price,” Volcafe said in a report e-mailed Saturday. “The local activity is steady.” Vietnamese coffee for May and June shipments was trading at a discount of $10 a ton to the price on NYSE Liffe in London, unchanged from last week, Volcafe data showed. The volume of coffee being offered for nearby shipment is “good,” while offers for export … [Read more...] about Vietnam coffee farmers hold back up to 30pct of crop, Volcafe says