Tussles between local and foreign coffee exporters in the past three to four years will come to an end on June 7 when foreign entities are banned from directly purchasing coffee from farmers and establishing coffee buying networks, says a new Ministry of Industry and Trade circular. Circular 08/2013/TT-BTC provides detailed regulations on commodity trading and other related activities of foreign direct... 

Thai Hoa Vietnam Group Joint Stock Company used to be a leading coffee exporter, but last year it earned only VND19.7 billion and incurred an accumulated loss of VND446.7 billion. According to the 2012 financial statement of Thai Hoa published on March 14 and audited by Thang Long Auditing and Consulting Company on March 29, the company obtained VND19.7 billion in revenue last year, down a hefty 98%... 

Coffee output in the 2013-2014 crop may fall 30-35% due to prolonged drought in the Central Highlands, according to the latest forecast of the Vietnam Coffee and Cocoa Association (Vicofa). Severe drought has hit 55,000 hectares of coffee among the total 500,000 hectares in the Central Highlands, in which 95 hectares has withered and died, said Vicofa. Rainfall this year is about 30% lower than the... 

Robusta coffee fell for a second day on concern producers are selling as speculation about dry weather in leading grower Vietnam may be “premature” and the country’s exports will rise again this month. Cocoa rose. Speculation about drought in Vietnam is “a bit premature” as the rainy season usually starts in April, Amsterdam-based trader Nedcoffee BV said in a report e-mailed yesterday. Shipments... 

If failing to timely carry out the coffee replanting plan, Vietnam would lose the title of the world’s second largest coffee exporter, heard a conference on Vietnam’s coffee industry outlook held in Daklak on Sunday. The coffee area that needs replanting in the next ten years accounts for 50% of the current total coffee area of Vietnam, said Luong Van Tu, chairman of the Vietnam Coffee and Cocoa... 

U.S.-based Starbucks Coffee Company opened its first store in Vietnam at the New World Hotel in downtown HCMC last Friday, sparking curiosity in a country with a different culture of coffee drinking. With a total area of 500 square meters, the store is under the management of Coffee Concept Vietnam, a subsidiary of Hong Kong’s Maxim Group. John Culver, president of Starbucks Coffee China and Asia-Pacific,... 

Coffee prices in the domestic market and on the trading floor picked up in the first week of this year, marking a good start for the industry. Year begins with a bang Prices in all markets increased with coffee bean prices in the Central Highlands exceeding VND39,000 a kilo, versus VND38,500 in the preceding week. However, exporters described the current prices in the local market as “uncertain”.... 

The U.S.-based Starbucks Coffee Company announced on Thursday it will open its first store in Vietnam next month via the partner Coffee Concepts Vietnam Limited. Jinlong Wang, President of Starbucks Asia Pacific, told the Daily that the only partner licensed to operate Starbucks stores in the Vietnamese market was Coffee Concepts Vietnam, a subsidiary of Hong Kong Maxim’s Group. The signing with... 

Coffee farmers in Vietnam, the world’s largest producer of the robusta variety, may sell less than 40 percent of the 2012-13 crop started Oct. 1 before Tet, according to Amsterdam-based Nedcoffee BV. Growers have historically sold at least 50 percent of their harvest before the festival that marks the Lunar New Year in February, the trader said in a monthly report e-mailed today. This trend was... 

Coffee prices in Vietnam, the largest producer of the robusta variety used in instant drinks and espresso, fell to the lowest level in more than two weeks on stockpile sales with the start of the new season. Vietnamese coffee slid to 41,200 dong ($1.98) a kilogram (2.2 pounds) yesterday, the lowest price since Sept. 20, data from the Dak Lak Trade & Tourism Center showed. The price rose to 41,300...