Tag: Vietnam

Heavy Rains, Millenials & US Election Influencing Coffee Prices

Raw coffee at it’s highest in Vietnam
The Ministry of Agriculture & Rural Development’s Agro, Forestry & Fishery Processing & Salt Industry has revealed raw coffee prices in the Central Highland provinces of Vietnam has gone up to it’s highest level in 3 years, reports Talk Vietnam. FOB price for Robusta coffee at the Sai Gon Port saw a rise by $88 per to $2,043. Vietnam exported 121,000 tonnes of coffee in the first 10 months of this year. This brought about earnings of up to $246 million with Germany and the US being the two largest export markets holding 15.2% and 13.2% respectively in the first nine months.[Sign in to continue]

PJ’s Coffee of New Orleans comes to Vietnam

PJ’s coffee of New Orleans aims to extend business overseas with the opening of their first store at Vietnam’s Ho Chi Minh city at Vincom B centre shopping mall (Dailyjournal.net). The company even plans to further extend the operation by opening another store in Vietnam by this December and ten more at different international locations in the next five years. Originally the

Recent Coffee Price Increases Raises Hopes

Coffee prices saw an increase in the last two weeks after a decline was witnessed in February this year, report Deccan Herald. The recent coffee price increase raises hopes for coffee growers as they look at the market with great optimism. Coffee farmers were worried with a downward fall in prices last February. Prices in February reached a five-year low

Coffee Price Risks to Rise Up

A poll by Reuters on 11 traders and analysts showed a price increase across the board with arabica and robusta both experiencing harvest related problems. Weather conditions have affected coffee producers in many countries. Fortune reports the El Niño have affected growers in Asia, especially Vietnam. In Uganda, droughts in the south and south western regions are expected to reduce production.

Europe trade slows but Indonesian robusta rises

Physical robusta coffee trade in Europe has begun to decrease during the summer holiday. However, traders said that flows of Indonesian robusta coffee have strengthened after a futures rally and a late start to harvest, as announced by Business Recorder. Since cash trade slowed in Europe and a number of factories were set to shut for a few weeks during

Severe Drought Effecting Robusta in Vietnam

The extreme weather conditions have been holding tightly the Vietnam’s Central Highland coffee belt. This is the worst drought in 30 years. According to the Vietnam’s National Center for Hydro-Meteorological Forecasting, the temperatures are expected to be 0.5 to 1 degree Celsius higher than usual. The 599 reservoirs used for irrigation in Dak Lak province are up to 20% non-functional

The Global Coffee Trade in Numbers

Coffee has become the most consumed beverage worldwide and the second most traded commodity after oil. This revolutionary trend of global coffee industry changed the perspective of how we treat, consume or appreciate coffee. Brazil and Vietnam can be considered the usual suspects in the chain of coffee production. They have constantly exported the largest amount of coffee, while for the year

Vietnam’s robusta coffee production to be affected by El Niño

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Serious water shortages brought by the El Niño weather phenomenon are expected to hit coffee production in Vietnam’s Central Highlands, the country’s key growing region, in the first half of 2016, an industry body said on Tuesday, according to the Vietnam Coffee and Cocoa Association. “The situation with drought will seriously affect robusta coffee production in the Central Highlands,” the association said

South Korea under the microscope

Cafe Show 2015, the 15th international and the largest annual exhibition of South Korea’s coffee industry, registered the presence of about 360 enterprises from 35 countries and about 100,000 visitors, as reported by VietnamNews. It confirmed that South Korea is a potential market for coffee exports, with a total consumption of coffee valued at US$4 billion in 2012, the 11th largest consumer of coffee in