Vietnam to stockpile 400,000 T coffee
HANOI, Sept 16 (Reuters) - Vietnams 16 largest coffee exporters will buy 432,000 tonnes, or 7.2 million 60-kg bags, of the bean for stockpiles to prevent prices from falling, a state-run newspaper said on Friday.
HANOI, Sept 16 (Reuters) - Vietnam's 16 largest coffee exporters will buy 432,000 tonnes, or 7.2 million 60-kg bags, of the bean for stockpiles to prevent prices from falling, a state-run newspaper said on Friday. The exporters will buy the beans from next month to January 2012 and plan to keep them between six to nine months, the Tuoi Tre newspaper reported, quoting sources from Vietnam's leading coffee exporters' club. Coffee prices are expected to ease as supplies from the harvest in the Central Highlands coffee belt rise from late October. The harvest will peak in November. The scheduled stockpiling volume far exceeded a plan of between 200,000 and 300,000 tonnes which the Vietnam Coffee and Cocoa Association (Vicofa) had urged members to implement. [nL3E7K81B4] Vietnam's 2011/2012 coffee crop may have an output of 1.1 million tonnes, equivalent to the last crop, the newspaper quoted the Vicofa as saying. Agribank, Vietnam's largest lender, said it would lend the coffee sector nearly 5 trillion dong ($240 million), which falls short of industry demand for around 12 trillion dong for the stockpiling plan. [nL3E7KE0CJ] Partly private Military Bank also said it would lend to coffee businesses involved in the stockpiling plan, Tuoi Tre said, without stating the amount. ($1=20,830 dong) Source Reuters
HANOI, Sept 16 (Reuters) - Vietnam's 16 largest coffee exporters will buy 432,000 tonnes, or 7.2 million 60-kg bags, of the bean for stockpiles to prevent prices from falling, a state-run newspaper said on Friday. The exporters will buy the beans from next month to January 2012 and plan to keep them between six to nine months, the Tuoi Tre newspaper reported, quoting sources from Vietnam's leading coffee exporters' club. Coffee prices are expected to ease as supplies from the harvest in the Central Highlands coffee belt rise from late October. The harvest will peak in November. The scheduled stockpiling volume far exceeded a plan of between 200,000 and 300,000 tonnes which the Vietnam Coffee and Cocoa Association (Vicofa) had urged members to implement. [nL3E7K81B4] Vietnam's 2011/2012 coffee crop may have an output of 1.1 million tonnes, equivalent to the last crop, the newspaper quoted the Vicofa as saying. Agribank, Vietnam's largest lender, said it would lend the coffee sector nearly 5 trillion dong ($240 million), which falls short of industry demand for around 12 trillion dong for the stockpiling plan. [nL3E7KE0CJ] Partly private Military Bank also said it would lend to coffee businesses involved in the stockpiling plan, Tuoi Tre said, without stating the amount. ($1=20,830 dong) Source Reuters
- Giá cao su Tocom giảm hơn 5% do giá dầu giảm mạnh nhất 3 tuần 24/05/2013
- ICO: Xuất khẩu cà phê toàn cầu tăng 7% 24/05/2013
- Hàng hóa thế giới sáng 23/5: Giá dầu giảm do tồn trữ xăng cao, vàng giảm do Fed 23/05/2013
- Sản lượng cà phê của Ấn Độ không đổi ở mức 5,2 triệu bao trong niên vụ 2013/14 23/05/2013
- Hàng hóa mềm ngày 22/5: đường tăng sau khi tụt xuống mức thấp 34 tháng 23/05/2013
- Giá cao su kỳ hạn Tokyo giảm do giá dầu thô suy giảm 23/05/2013
- Xuất khẩu cà phê toàn cầu tăng 7% nửa đầu niên vụ 23/05/2013
- Kenya : Giá trung bình cà phê Arabica giảm tại cuộc đấu giá 23/05/2013
- Giá cao su Tocom giảm do lo ngại số liệu kinh tế Trung Quốc 22/05/2013
- Citigroup: Chu kỳ tăng giá hàng hóa nguyên liệu sẽ kết thúc trong năm nay 22/05/2013