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Vietnam takes part in coffee conference in London

Vietnam joined representatives from 80 other coffee importers and exporters worldwide at the 107 th session of the International Coffee Organisation (ICO) in London from Sept. 26-30.
Vietnam joined representatives from 80 other coffee importers andexporters worldwide at the 107 th session of the International CoffeeOrganisation (ICO) in London from Sept. 26-30.

During the session, the delegates discussed the apparatus of the ICOin the new tenure, assessed the situation in the world market and madeforecasts on world coffee outputs in the 2011-2012 crop.

According to the ICO statistics, in 2010, the world’s total coffeeexports reached 92.5 million bags (60kg per bag). Brazil is thelargest coffee exporter in the globe with over 30 million bags per year,followed by Vietnam with 16 million bags per year.

The EU is known as the largest coffee importer with an average volumeof 67.5 million bags per year in the recent four years.

Talking on the sidelines of the session, President of the VietnamCoffee and Cocoa Association Luong Van Tu said that the world’s coffeeoutput in the 2011-2012 crop is forecast to decrease due to the impactsof climate change and degraded coffee areas in some countries, includingBrazil, Colombia and Vietnam.

Coffee supplies will not meet demands as more young people in the world take to the drink, he added.

According to Tu, the country is building a strategy to increase theproportion of processed coffee in the total annual output to 20 percentby 2020.

During the conference, the Vietnamesedelegation, led by Deputy Minister of Agriculture and Rural DevelopmentHo Xuan Hung, worked with the delegation of Brazil ’s Ministry ofAgriculture on measures to strengthen cooperation between the twocountries. The delegation also met with ICO officials and tradepartners./.
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