Despite being the world’s largest Robusta coffee nation, Vietnamese coffee is facing several problems that cast adverse impacts on the segment’s long-term development. The quality of Vietnamese coffee is still limited as most coffee farmers plant and harvest by following traditional methods without the application of modern science and technology. Also, ageing coffee areas have also affected coffee quality and output.
Vietnam’s domestic coffee prices jumped to their highest level in a year on Thursday following a rise on the ICE and tight supplies at the end of the crop season, while prices in Indonesia extended their decline due to higher supply.
Vietnam’s domestic coffee prices edged higher this week as parts of the coffee-growing region remained under lockdown to curb the spread of the coronavirus outbreak, traders said on Thursday.
Vietnam, which has been virus-free for months, was bracing for another wave of COVID-19 infections on Wednesday after state media reported new cases in Hanoi, Ho Chi Minh City and the Central Highlands, all linked to a recent outbreak in the central city of Danang.
About 70 per cent of the coffee produced in India is exported. Due to better harvests and the depreciation of the currency, more coffee was arriving in foreign markets at lower prices from Brazil for a few months. Vietnam, a major producer, also began to supply coffee at lower prices.
Ten more people in the Central Highlands were found to have contracted the disease on Tuesday, bringing the total in the main coffee belt to more than 60, with Dak Lak the latest province to be hit, the Ministry of Health said.
Son’s coffee beans are of the highest grade, surprising even the judges from the Specialty Coffee Association (SCA), a nonprofit organization that represents thousands of coffee professionals across the globe.
Vietnam’s coffee exports in the first half of this year are expected to have increased 3.7% from a year earlier to 955,000 tonnes, and rice exports are seen up 5.6%, government data released on Monday showed.
The price of Arabica coffee futures on the Intercontinental Exchange had not traded below $1 per pound from 2006 through 2018.
Coffee farms in the Tay Nguyen (Central Highlands) province of Kon Tum are producing higher yields from new coffee trees and older trees grafter with with young shoots.
Coffee is a key crop in Kon Tum and other provinces in Tay Nguyen region, the country’s largest coffee producer