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Coffee exports to reach no more than US$1.8 billio....
Coffee exports to reach no more than US$1.8 billion Published on : September 10th, 2011 |
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Vietnam may export a million tonnes of coffee in 2009 but the export revenue will not exceed US$1.8 billion due to a fall in prices, said Vietnamese Coffee Association (VCA) chairman Luong Van Tu. Mr. Tu said that although Vietnam's coffee output is high, Vietnam cannot control the prices because there are so many other sellers. Since Vietnamese coffee exporters are often forced to sell coffee at low prices, the VCA recommended the establishment of an assistance fund which will offer preferential loans to help big exporters to stockpile coffee and dominate the global coffee market. Vietnam now has several agricultural products with high export value such as rice, pepper, coffee, but their prices are still controlled by the markets. The State, said Mr. Tu, should establish support funds to which the state and businesses would both contribute capital. Source: VOVNews |
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