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Viet Nam’s robusta coffee export prices rebound
24 | 09 | 2007
The export price of Vietnamese robusta coffee has rebounded since September with one tonne fluctuating at between 1,660-1,670 USD, a 4.3 percent rise over the end of August and a 23 percent rise over the same period last year.
Prices are forecast to continue surging as Vietnamese supply is expected to fall by up to 15 percent this year in addition to global shortage of 4 million packages.

Meanwhile, the domestic price of bean is also showing signs of strong fluctuations. On September 19, one kg of coffee beans was sold at 26,900 VND, 1,000 VND higher than that of earlier this month but 500 VND lower than that of two days before. One tonne of coffee exported under FOB (free on board) in Ho Chi Minh City dropped from 1,815 USD on September 18 and 19 to 1,785 USD on September 19. However, the price was still almost 10 percent higher than that on the end of August 2007.

By the end of August 2007, Viet Nam is estimated to export 932,000 tonnes of coffee for 1.4 billion USD, a year-on-year increase of 49.17 percent in export volume and 93.79 percent in export value.

Source: VNA

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