VOV.VN - Vietnam exported a total of 955,000 tonnes of coffee with a value of US$1.609 billion during the first half of the year, representing a rise of 3.7% in volume and 2.5% in value compared to the same period from last year, according to the Ministry of Industry and Trade.
VOV.VN - The first quarter of the year saw the country export 474,000 tonnes of coffee worth US$801 million, a year-on-year decline of 3% in volume and 5.6% in value, according to figures released by the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
A global glut of coffee has come to an end, and the price of coffee is likely to go up in the near future, according to industry insiders.
Vietnam will narrow down its coffee plantation areas and focus more on improving coffee product structure in a bid to create high-quality beans with higher productivity.
Vietnam has set up a project to promote high-quality Vietnamese coffee backed by about VND170 billion (US$7.5 million).
Vietnam exported 974,712 tonnes of coffee from January 1 to August 15 this year, a reduction of 16.4 percent from the same period last year, earning US$2.22 billion in value, up 7.9 percent, according to Vietnam’s Customs.
The Central Highlands region has long been an attractive destination for foreign visitors by virtue of its beautiful landscapes and the distinct cultures of the local communities.
Brazilian Ministry of Agriculture’s manager in charge of coffee Silvio Farnesi has said that the government has approved the importation of robusta coffee for the first time in history, including those from Vietnam, in order to meet domestic demand for instant coffee production.
Construction started on an instant coffee plant at Nhon Trach 3 Industrial Park in Nhon Trach district of the southern province of Dong Nai on January 16.
After five years of implementation, Nescafé Plan- a cooperative programme between the world's leading nutrition, health, and wellness company Nestlé, Western Highlands Agriculture and Forestry Science Institute (WASI), and other partners- has contributed to improving the quality and raising coffee yield by 14 per cent per hectare (ha).
(VOV) - Coffee futures in London lost ground on October 16-17 with prices of robusta coffee falling US$42 per metric ton on forecasts of rains producing an abundant upcoming harvest in top producer Brazil.
Starbucks’ announcement to sell Vietnamese coffee at more than 21,500 shops in 56 countries is good news, but it also reveals weaknesses of the Vietnamese coffee industry, according to Dien Dan Doanh Nghiep (Business Forum) Newspaper.
(VOV) -A decline in the currency of Brazil, the world’s largest coffee exporter, has made it more attractive for Brazilian farmers to sell their beans than to stockpile them, resulting in a glut in the market and tumbling sales prices.
Nearly 95% of Vietnam’s coffee is exported as raw products that do not bear a Vietnamese brand.
The Nestle Group is carrying several major projects with the aim of popularising Vietnamese coffee among coffee consumers all over the world and making Vietnam an international reference for robusta coffee, said a Nestle executive.
The Government should draft a plan to replant coffee trees and subsidise the costs to ensure the sustainable development of the coffee industry, a conference heard in Ho Chi Minh City on May 14.