Vietnam, the world’s top robusta producer, exported 165,799 tonnes, or 2.76 million 60-kg bags, of coffee, in April, down 2.5% from March, customs data showed on Wednesday.
Late on Wednesday, Vietnam’s government extended a two-week period of social distancing for 12 provinces in the country, but lifted those measures for most rural areas, including the coffee belt of Central Highlands.
As part of the commitment made by Kirin Holdings Co., Ltd, Yoshinori Isozaki, President & CEO, to farmers in areas of production to increase sustainability and to allow for the stable use of quality materials well into the future, the company launched in April supporting coffee plantations in Vietnam to get Rainforest Alliance Certification1. Kirin Holdings Co., Ltd., has been continuing similar initiatives for tea plantations in Sri Lanka since 2013, and broadened the scope this year to include coffee plantations in Vietnam.
While some of the world’s top coffee-producing nations are well-known, others may come as a surprise. More than 70 countries produce coffee, but the majority of global output comes from the top five producers: Brazil, Vietnam, Colombia, Indonesia, and Ethiopia.
Domestic coffee prices rose in Vietnam this week as traders stockpiled on the commodity following a supply shortage in rival robusta producer Brazil due to the coronavirus pandemic, traders said on Thursday.
Thao, former deputy director of Trung Nguyen Group (TNG), is no longer on the company’s list of shareholders, TNG announced in a statement Wednesday. She and her ex-husband were referred to in the media as the King and Queen of Vietnamese coffee.
Due to recent lack of rainfall, traders said the 2019/20 crop would likely face drought, which could lead to a dip in the production. Moreover, abundant supply of robusta beans from Brazil would also drag Vietnam’s prices lower.
Vietnam exported 143,000 tonnes of instant and ground roasted coffee valued at 516 million USD in 2019 thanks to the tidal wave of investment in this sector.
Both coffee and chocolate have ancient histories. While you may know that chocolate originated in the Americas, coffee seems to have first come onto the human radar in about A.D. 200 … via dancing goats in southwest Ethiopia. Goats, I hear you cry?
“Trading is yet to return normal after the long holiday,” said a trader based in the coffee belt. “Some of the buyers are hoarding the beans on expectations of higher prices.”