Friday, January 27, 2012

vietnam Coffee exports forecast 2012

coffee prices today - vietnam Coffee exports forecast 2012 ; Coffee exports from Vietnam may drop to 1.1 million metric tons in 2012 from 1.22 million tons estimated for last year, the country’s agriculture ministry has said. Officially, the crop in the season started Oct. 1 has been estimated at 18.5 million bags, down from 19.467 million a year earlier, according to the International Coffee Organization.

Prices for robusta beans in Brazil tend to fall by April, when the harvest starts in Espirito Santo state, the leading producer of those beans in the South American country, This year, even with an expected increase of the Brazilian crop, the price may not reach low levels, In addition to lower production volume and rising domestic consumption, Vietnamese farmers and exporters have limited sales, waiting for better prices

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