Coffee Prices Today - Vietnam coffee prices Exports July 2105 : Vietnam exported 107,140 tonnes (1.78 million 60-kg bags) of coffee in July, 2.8 percent up from the previous month, customs said on Friday, in line with expectations. July brought to 18 million bags the total volume exported in the first 10 months of the 2014/2015 crop, down 23.4 percent from the same period a year ago, based on government data. With at least 1.67 million bags expected to be loaded this month and a crop output of 27.2 million bags based on a Reuters poll, Vietnam still has around 7 million bags for loading in September and onwards. The
Vietnam Coffee and Cocoa Association has estimated the current stock at 300,000 tonnes, or 5 million bags.
Vietnam's coffee prices weakened in line with global futures markets, prompting some Vietnamese sellers to hold back their stocks until the next season and wait for higher prices, while buying demand has been thin. The 2015/2016 coffee crop will begin in October in Vietnam, the world's top robusta producer, with the harvest peaking in the Central Highlands coffee belt from late November.
0 Response to "Vietnam coffee prices Exports July 2105"
Post a Comment