Under the agreement, the Dong Nai-based firm will use the loan to stockpile coffee beans from local growers and develop its 1,000-hectare coffee plantations in Laos. Standard Chartered Vietnam CEO said that the credit package is expected to help Tin Nghia strengthen its coffee production and export business. A Tin Nghia representative said it is one of the three largest coffee exporters in Vietnam, shipping an estimated 100,000 tonnes and earning around US$200 million each year. Last January, Standard Chartered Vietnam also made a deal to lend US$70 million to the An Giang Plant Protection Company to help it develop large-scale paddy fields in the Mekong River Delta. … [Read more...] about Standard Chartered supports Vietnamese coffee exporter
Vietnamese coffee export
VietNamNet Bridge - Vietnam saw a sharp decrease in coffee exports in the first four months of the year, which is attributed to lower demand from the world’s roasters and increased output from China. A Ministry of Agriculture and Rural Development (MARD) report showed that Vietnam exported 466,000 tons of coffee in the first four months of 2015, worth $970 million, a decrease of 41 percent compared with the same period last year.Nguyen Quang Binh, director of Chanh Tinh Anh Coffee Company, noted that China has been trying to develop a coffee growing area to increase output for domestic sales and exports. An official of Yun Nan province said in a recent interview that the coffee growing area in the province reached 125,000 hectares from 40,000 hectares some years ago, which is equal to 85 percent of the total coffee growing area in China. Binh said China had been a big importer (it imports 30,000 tons of coffee from Vietnam every year) until last year when it began exporting … [Read more...] about Is Chinese coffee obstructing Vietnamese coffee exports?
Major commodity exchange NYSE Liffe has launched a scheme to grade robusta coffee supplies in Vietnam, a move that experts believe will help exporters and farmers. Under the plan, 50-ton parcels of coffee will be stored in warehouses in Ho Chi Minh City under Liffe's supervision. Samples will then be sent to the UK to be graded. Approved stocks get a certificate valid for six months and can be delivered with no need for retesting, according to reports. Dow Jones cited Peter Blogg, Liffe's head of commodity product management, as saying the scheme could bring more transparency to the market as there will be more of an idea of how much coffee in Vietnam is deliverable. He said the grading will also help exporters secure financing for coffee by attaching a futures value to the supplies at origin. The second-largest European derivatives trading platform also plans to roll out similar schemes to other coffee producers such as Indonesia and Brazil. Experts said the grading by … [Read more...] about Grading scheme to benefit Vietnamese coffee exports
VietNamNet Bridge - It is estimated that in the 2011-2012 crop, Vietnamese enterprises need to purchase 400,000 tons of coffee material to be capable to regulate the market. Vietnam put out 1 million tons of coffee in the 2010-2011 crop. However, more than 50 percent of the output was purchased by foreigners. The foreign businessmen have nearly controlled the domestic coffee price. Especially, they took the actions to tarnish the good repute of Vietnamese enterprises, thus persuading international importers to shift to do business with them. … [Read more...] about 15 trillion dong needed to rescue Vietnamese coffee exporters
Lacking experience in dealing with futures contract and making transactions on the coffee trading floors of the world is believed to be the main reason that has pushed Vietnamese coffee exporters into default. Luong Van Tu, Chair of the Vietnam Coffee and Cocoa Association, said though Vietnam is the second biggest coffee exporter in the world, it is not powerful enough to control the world’s prices which have been fluctuating all the time. It’s estimated that 97 percent of coffee transactions are carried out on paper. Meanwhile, a lot of Vietnamese enterprises do not have legal consultants. A lot of businessmen do not have experiences in making international trade, whole some big bosses, who get some experiences after some years of struggling on the market, have shifted to other types of business. Pham Khanh Hiep, a coffee expert, said that most of the businessmen, who make transactions on the two big trading floors in London and New York, are always put at a … [Read more...] about Lacking experience, coffee exporters lose in international trade