Anyone who comes to Buon Ma Thuot City in the Central Highland province of Dak Lak wants to enjoy the fragrance of its coffee and bring some home as presents. When being asked about Buon Ma Thuot coffee, many foreign tourists visiting the city and sipping its coffee reply “Excellent”. Paradoxically, it is exported at low prices. In 2006, Vietnam exported 912,553 tonnes of coffee and fetched more than US$1.121 billion. Coffee also joined the US$1 billion club for products with export value of more than US$1 billion. The product now makes up 13 percent of the country’s total export value - a good sign for the coffee industry. However, figures released by the Vietnam Coffee and Cacao Association at a seminar last March surprised many experts. In the 2005-2006 season, more than 600,000 bags of Vietnamese coffee were refused at the Antwerp port in Belgium, making up 72 percent of total export batches. One million out of 1.4 million bags were also turned down at 10 other … [Read more...] about How to keep Vietnamese coffee exports growing at reasonable prices
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?
Coffee Export Fee: Worrying Domestic Businesses Speaking of the collection of US$2 fee on a tonne of coffee exported, Mr Nguyen Tri Ngoc, Director of the Department of Cultivation under the Ministry of Agriculture and Rural Development, said, it is extremely unfair to collect fees from Vicofa-member companies while it is free for non-Vicofa companies and foreigners. At present, Vietnam has more than 150 coffee exporters. Thus, it is necessary to screen exporters by compulsory measures in order to sustain the development. Luu Hiep reports. Foreign companies are purchasing and exporting about half of Vietnamese coffee. According to the new regulations, do you think it will be unfair on the domestic coffee market? In recent years, Vietnamese coffee exporters have faced plenty of difficulties, even went bankrupt; thus, the new fee will send them to a more difficult situation. It is true that foreign companies are directly buying and exporting about 50 percent of Vietnamese coffee … [Read more...] about Coffee Export Fee: Worrying Domestic Businesses
Vietnamese enterprises participated in a coffee fair in Seoul to seek business opportunities and partners in the global market, the trade office of Viet Nam in South Korea said. About 360 enterprises from 35 countries and territories showcased their products at 2,000 pavilions at the fair, for the benefit of about 100,000 visitors. — VNA/VNS Photo Vu Toan/Pham Duy HA NOI (Biz Hub) — Vietnamese enterprises participated in a coffee fair in Seoul to seek business opportunities and partners in the global market, the trade office of Viet Nam in South Korea said. The office said the 15th international coffee fair, entitled Cafe Show 2015, in Seoul, South Korea, had advertising and trade promotion programmes, seminars and cultural exchanges. The fair ended on November 15. It was the largest annual fair of South Korea's coffee industry to introduce coffee drinking and coffee products, as well as the equipment for processing, preserving, packing and making coffee products. … [Read more...] about Vietnamese coffee firms seek opportunities at international fair
VietNamNet Bridge - Vietnam’s second position on the list of the world’s biggest coffee exporters has been threatened. The country's coffee market share has decreased from 22 percent last year to 18 percent in 2015. Vietnam’s second position on the list of the world’s biggest coffee exporters has been threatened. After three years of witnessing high growth rates in the 2012-2014 period, Vietnam has experienced a tough year, with a sharp 28 percent fall in export volume and 30 percent in export value. While the other two big exporters Brazil and Columbia were not hurt by the decrease, Vietnam’s coffee industry has experienced difficult days. According to Do Ha Nam, chair of the Vietnam Coffee and Cocoa Association (Vicofa), one of the biggest problems for Vietnamese coffee exporters is the exchange rate policy. While the Vietnam dong has decreased inconsiderably in value, Brazilian currency has depreciated by 70 percent. After three years of … [Read more...] about VN coffee exporters suffer decline in global market share