Exports of coffee in the first six months fell by around 20 per cent year-on-year. — VNA Photo Vu Sinh Viet Nam’s coffee exports dropped by around 20 per cent in the first half of the year. According to the Agricultural Products Processing and Market Development Department under the Ministry of Agriculture and Rural Development (MARD), coffee export value was worth US$1.6 billion in the first six months as most markets except the Philippines reduced purchases. Most countries are sitting on large stocks. Viet Nam’s export volumes were 943,000 tonnes during the reviewed period, 9.2 per cent lower than in the same period last year, while the export value was down 19.9 per cent year-on-year. The sharp fall in export earnings was caused by the price of robusta coffee falling in London due to a global glut, with Viet Nam getting the lowest rates of all exporters. Around 80 per cent of Viet Nam’s exports comprise of raw beans, which do not always meet ripeness … [Read more...] about VN coffee exports plummet as robusta prices fall
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The Hanoitimes - You can easily find a cafe in Vietnam where you can enjoy free wifi. Which coffee chain is the most successful in Vietnam? Highland Coffee Service JSC, the owner of the Highlands Coffee chain, reported revenue of over VND1.6 trillion (US$68.6 million) in 2018, up 31% from a year earlier, enabling it to retain the throne in term of earnings among the coffee chains in Vietnam, VnExpress reported. Founded by a Vietnamese-American since 2012, Highlands Coffee chose a different and daring strategy focusing on the cover rate instead of consumers’ tastes. Inside a Cong cafe. Photo: hue360.net This coffee chain rolls out its simple menu with quick and easy drink recipes, but has managed to expand its network by marking presence ub a number of buildings and trade centers in prime locations. Due to the large expense in renting spaces and advertising, not until the last two years did Highlands Coffee earn profit as its revenue reached billions of Vietnamese … [Read more...] about Which are highest-grossing coffee chains in Vietnam?
Numerous challenges are facing the export of Vietnamese coffee, which has continually declined in both volume and value since the beginning of this year. (Photo: hanoimoi.com.vn) Hanoi (VNA) – Numerous challenges are facing the export of Vietnamese coffee, which has continually declined in both volume and value since the beginning of this year. In the first four months of 2019, 629,000 tonnes of coffee worth 1.1 billion USD was shipped abroad, down 13.4 percent in volume and 22.5 percent in value year-on-year. The export is forecast to continue the downtrend in May as domestic and global coffee prices are still falling, according to the Agro Processing and Market Development Department under the Ministry of Agriculture and Rural Development. The department’s Acting Director Nguyen Quoc Toan said domestic coffee prices are currently below 30,000 VND (1.28 USD) per kg – the lowest in a decade. Prices in international markets have also dropped by 500 USD per … [Read more...] about Internal, external factors challenge Vietnam’s coffee exports
The current price of coffee bean fluctuated at VND31,000-VND31,100 per kilogram, a decrease of VND2,000 per kilogram compared to that in the beginning of this year. According to Mr. Trinh Duc Minh, chairman of the Buon Ma Thuot Coffee Association, total coffee production in the world was around 9.6-9.7 million tons in previous years. However, in the 2017-2018 crop, global coffee production jumped to 10.3 million tons, leading to overproduction. Of which, coffee production of Brazil rose 7 percent compared to the previous crop. As supply exceeded demand, the price of coffee fell heavily. This is the general situation of global coffee industry. Because coffee price plummeted, several farmers are forced to hold their coffee in stock to wait for the price to rebound. Mr. Mai Hung, a farmer in Quang Tien Commune in Dak Lak Province’s Cu M’gar District, has to store 7 tons of coffee bean collected from his three-hectare-coffee plantation in the last crop. At the time of … [Read more...] about Low price forces farmers to keep coffee in stock
Viet Nam News We had a chat with RooM to find out more about their business, thoughts on stock photography and where the future might take us. RooM the Agency is one of the notable companies contributing to Focused Collection stock photo service. Could you tell us more about RooM the Agency, the essence of this project, the early beginnings and where you are now? In such a crowded marketplace, how do you position and differentiate yourself? What are some features or services that are unique to your agency? How many photographers actively contribute to your platform? How do you find and choose them? Could you tell us more about your photographers? Do they work full time as professionals or do you also have enthusiasts? Do you have a strict photo selection process? Is the technically perfect shot more important than an atmospheric one? What made you decide to start a mobile image collection? Does mobile photography sell well on your platform and what is the target … [Read more...] about ROOM THE AGENCY: Is free stock photography the future?