Farmers in the central highland region were believed when the price of coffee constantly increased from VND25 million per tonne in 2009 to VND35 million per tonne in 2010. At that time, it eventually hit more than VND41 million per tonne, the highest level for the past 15 years.
The price hike caused a number of difficulties for businesses because they lacked capital. In the current situation, some businesses are likely to go bankrupt. When the price of coffee goes up businesses need huge capital to continue trading. Meanwhile, banks raised loan rates and tightened loan control.
Import-Export Company 2/9 in the Central Highland Dak Lak province recently purchased more than 35,000 tonnes of coffee beans, reaching 30 percent of planned total mass due to shortage of capital.
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VietNamNet Bridge – Vietnamese coffee producers apply different standards that are not applied throughout the world. As a result, Vietnamese coffee exporters suffer from a competitive disadvantage in the world market.
Numerous meetings and workshops discussing Vietnamese coffee standards on coffee export products have been organized over the last ten years. However, the problems still persist.
The Vietnam Coffee and Cocoa Association (Vicofa) has just organized one more workshop on the issue. The association once again called for the application of international standards for coffee exports.
Read the full story at Vietnam Bridge
(Market information for Indonesian organic coffee. — Admin)
Indonesian Coffee is famous worldwide. Indonesia is currently the third largest producer of Coffee in the world following Brazil and Vietnam. The country also ranks fourth among green coffee exporters on the global market.
According to International Coffee Organization, in 2008 Indonesia produced 561,000 tones of green coffee accounting for approximately 9% of global output. Production is decreasing because of the slowing international demand. Indonesia’s domestic Coffee consumption reaches around 190,000 metric tons annually.
The planted area for Coffee is decreasing, especially in the Robusta growing regions. This is reportedly due to lower Coffee prices. Farmers are apparently shifting from Coffee to cocoa trees, which require less maintenance and have generally provided higher, more stable prices over the past five years. It’s been noted that more and more farmers in the Lampung area – traditionally a major Coffee production area – are converting from Coffee to cocoa production.
Read the full article at Market Publishers
BAGUIO CITY – Philippine coffee is a much sought after product among Filipino-Americans in the United States, but an official of the Philippine Coffee Board (PCB) said the country has yet to produce enough to satisfy the growing demand.
“[Filipino-Americans] who open coffee shops in the United States like barako [native coffee], but our problem is we cannot sell them all our coffee. We only produce only 35,000 tons [a year],” Emmanuel Torrejon, the board’s Northern Luzon coordinator, said in a recent briefing here.
Torrejon said the challenge for coffee growers
was to fill the demand, both here and abroad, since the Philippines only produces 35,000 tons and still imports coffee.
Read the full story at the Philippine Daily Inquirer