More coffee exported, but prices down
Vietnam exported about 100,000 tonnes
of coffee in November, earning a value of 145 million USD, according to
the Ministry of Agriculture and Rural Development.
Vietnam exported about 100,000 tonnes
of coffee in November, earning a value of 145 million USD, according to
the Ministry of Agriculture and Rural Development.
In November, the export volume and value were nearly double the previous month, the ministry said.
These numbers increased the coffee export volume and value in 11 months to 1.04 million tonnes and 1.54 billion USD, respectively, it added.
In these 11 months, although coffee export volume was 19.3 percent higher than in same period last year, export value dropped by 14.7 percent due to the world recession.
“The world recession has strongly affected global coffee prices. The average price in the first 10 months of 2009 was only 1.478 per tonnes, a drop by 615 USD per tonne over the same period last year,” said the ministry.
Recently, Belgium became the biggest market for the Vietnamese coffee industry. In 11 months, export volume to Belgium increased three-fold while export value doubled.
The 2009-10 coffee harvest in Central Highlands provinces would drop by between 20 and 33 percent, said Nguyen Nam Hai, general secretary of the Vietnam Coffee Exporter’s Club.
In Dak Lak, the coffee hub of Vietnam , total coffee yield is forecast to decline by 15,000 tonnes compared with the last crop. If the forecast comes true, the total yield of coffee harvested in the province will be around 400,000 tonnes.
Not only Dak Lak but also other Central Highland provinces including Dak Nong, Lam Dong and Gia Lai have seen yield decline.
Tough weather conditions were the main reason causing low output. Capital shortages were also a cause, he added.
Recently, those provinces harvested more than 30 percent of the total coffee area. The farmers, however, have seen little profit because of higher prices for oil, fertilizer and labour./.
In November, the export volume and value were nearly double the previous month, the ministry said.
These numbers increased the coffee export volume and value in 11 months to 1.04 million tonnes and 1.54 billion USD, respectively, it added.
In these 11 months, although coffee export volume was 19.3 percent higher than in same period last year, export value dropped by 14.7 percent due to the world recession.
“The world recession has strongly affected global coffee prices. The average price in the first 10 months of 2009 was only 1.478 per tonnes, a drop by 615 USD per tonne over the same period last year,” said the ministry.
Recently, Belgium became the biggest market for the Vietnamese coffee industry. In 11 months, export volume to Belgium increased three-fold while export value doubled.
The 2009-10 coffee harvest in Central Highlands provinces would drop by between 20 and 33 percent, said Nguyen Nam Hai, general secretary of the Vietnam Coffee Exporter’s Club.
In Dak Lak, the coffee hub of Vietnam , total coffee yield is forecast to decline by 15,000 tonnes compared with the last crop. If the forecast comes true, the total yield of coffee harvested in the province will be around 400,000 tonnes.
Not only Dak Lak but also other Central Highland provinces including Dak Nong, Lam Dong and Gia Lai have seen yield decline.
Tough weather conditions were the main reason causing low output. Capital shortages were also a cause, he added.
Recently, those provinces harvested more than 30 percent of the total coffee area. The farmers, however, have seen little profit because of higher prices for oil, fertilizer and labour./.
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