The weak Brazilian reals (BRL) against the U.S. dollar (US$) has encouraged Brazilian coffee farmers to increase selling over the past time. The BRL had depreciated 29.29% against the US$ by end-2020. At times, it fell to 5.99 reals per dollar. However, it gradually increased to 5.10 reals per dollar at the year’s end. Market observers have found that there is intervention by the Brazilian central bank whenever the BRL falls to 5.6-5.8 reals per dollar. Money market analysts have forecast that the BRL will rise to 4.5-4.8 reals per dollar in 2021. The domestic currency gain will ease the selling pressure though the coffee production may be large(1). … [Read more...] about Coffee trade prospect 2021
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VIETNAM NEWS JANUARY 24
It comprises eight key desired outcomes, including speeding up ASEAN recovery from COVID-19, increase in the quality and coverage of fixed and mobile broadband infrastructure, delivery of trusted digital services and prevention of consumer harm, a sustainable competitive market for the supply of digital services, increase in the quality and use of e-government services, digital services to connect businesses and facilitate cross-border trade, increased capacity of businesses and people to participate in the digital economy, and a digitally inclusive society in ASEAN. … [Read more...] about VIETNAM NEWS JANUARY 24
Five new foreign players to watch in V. League 2021
Lee Nguyen is no stranger to V. League as he used to play two seasons for HAGL and Becamex Binh Duong. Before that, he had spells in the Netherlands and Denmark. After leaving V. League, he returned to the U.S. and spent eight years playing for clubs in top division Major League Soccer (MLS). … [Read more...] about Five new foreign players to watch in V. League 2021