Vietnam coffee productions forecast 2012 : The prolonged rains did slow things down, but there is no indication to believe the crop is going to suffer in size,” Volcafe, the coffee unit of commodities trade ED&F Man Holdings Ltd., said in a report to clients e-mailed today.
Vietnam will produce a record 22 million bags in the 2011-12 season started last month, Volcafe estimated in its latest quarterly report. The nation’s output last season was 20 million bags, the Winterthur, Switzerland-based trader estimated. Rains delayed the start of the crop.
“Slowly but surely, the coffee is ripening and the drying spaces are filling up,” Volcafe said in the report. “The flow, however, is not as big yet as predicted.”
Robusta coffee for January delivery slid $32, or 1.7 percent, to $1,809 a ton by 4:45 p.m. on NYSE Liffe in London. Robusta beans are used in instant coffee and are grown mainly in parts of Africa and Asia.
Vietnam will produce a record 22 million bags in the 2011-12 season started last month, Volcafe estimated in its latest quarterly report. The nation’s output last season was 20 million bags, the Winterthur, Switzerland-based trader estimated. Rains delayed the start of the crop.
“Slowly but surely, the coffee is ripening and the drying spaces are filling up,” Volcafe said in the report. “The flow, however, is not as big yet as predicted.”
Robusta coffee for January delivery slid $32, or 1.7 percent, to $1,809 a ton by 4:45 p.m. on NYSE Liffe in London. Robusta beans are used in instant coffee and are grown mainly in parts of Africa and Asia.
No comments:
Post a Comment