Friday 29 March 2024
  • La Cimbali
  • Triesteexpresso

VIETNAM – Coffee shipments sharply up in November

Must read

TME - Cialdy Evo
Mumac
Demuslab

MILAN – Coffee shipments from Vietnam rose sharply by 31.4% month-on-month to 80,372 tons in November this year, according to the latest data released by the Vietnam Customs on Monday. During January-November, the country exported 1,167,596 tons of coffee, a 25.6% decline compared to the same period last year, the Finance Ministry-run department said in its monthly report.

Shipments last month were above traders’ forecasts of around 70,000 tonnes.

The government had estimated November loading at 80,000 tonne

Vietnam will produce a record 30 million bags of 60 kilograms this year, according to Volcafe, the coffee unit of commodities trader ED&F Man Holdings Ltd.

Triesteexpresso

Robusta supplies will be 2.4 million bags bigger than demand in the 2013-14 season started Oct. 1 in most countries, estimates Macquarie Group Ltd. (MQG), Australia’s biggest investment bank.

USDA’s latest report on on the World coffee markets and trade pegs Vietnam’s coffee crop at 28.5 million bags.

CIMBALI
  • REPA
  • Dalla Corte

Latest article

  • Franke Mytico
  • Dalla Corte