The coffee quantity in the storage till 30th, September , 2011 reached 510,000 packs, raised by 53% over the last same period. The farmers kept part of products to buy in the higher price in the next crop. Robusta coffee of Vietnam in the last week has just increase to the highest price in the seven months of the year, reached about 42.8 - 43 million VND/ton. The demand in robusta coffee in the world is very high because of the high demand of the processing coffee. In addition, the slow selling creates the stable coffee price.
The famers in Tay Nguyen is building hope to sell the products if it increases to 45 million VND per ton. Vietnam has exported about 928,000 tons from October, 2011 to April, 2012, reduced to 0.85% over the last same crop.
In May, it is estimated that there have about 110,000 – 130,000 tons coffee in export. The total productivity increased to 1.04 million tons.
Translated by: maxib2b.com
HA NOI — National retail sales were valued at around VND176.4 trillion (US$8.4 billion) last month, an increase of 1 per cent, according to the General Statistics Office (GSO).View more...