Currently, coffee prices on the domestic market at 36000-36300 / kg, the lowest level since 21/12/2010. According to experts, coffee prices have continued to decline and signs difficult to predict before the start of the new crop of coffee.
Difficult to determine the lowest price
According to experts , the price of coffee has fallen over time and may reduce it further difficult to determine the lowest price . One of the reasons is identified Vietnam as the country does not have the ability to influence the price of coffee on the world market . This year , sales of Vietnam coffee prices not much but is still down by Indonesia , Brazil has sold in large numbers .
Representing a coffee exporting company in Bao Loc , Lam Dong commented , coffee prices currently at around 36,000 VND / kg and most likely lower.
Most of the companies invested in by foreigners want to buy has a close relationship with the roasters and coffee processing and still need to provide sources for partners . The company primarily sells Vietnam -mediated coffee should not buy coffee by this time next concern will loss as prices fell .
According to the Cocoa Association Vietnam Coffee ( Vicofa ) , coffee people exist in about 140,000 tons . The amount of coffee that people do exist in the past, when coffee prices on 40,000 VND / kg , the price of coffee information continues to increase and will reach 50,000 VND / kg caused many dealers in Highland seeks to buy , waiting for price to sell .
With changes in the price of coffee today , Vicofa said , is unpredictable fluctuations in coffee prices on the domestic market . In early October , the coffee service 2013/2014 of Vietnam will begin . Meanwhile, the coffee harvest in many people and this will be the basis for a lot of people believe coffee will continue to decline in the coming weeks .
Need developing internal resources
Trruoc reality declining coffee prices , Mr Luong Van Tu , chairman of the Association Vietnam Coffee Cocoa that need developing internal resources to ensure both the supply and demand for the development of stable coffee industry . There are policies to encourage domestic consumption of coffee through the media , the consumer guide " coffee made from coffee entirely ."
Strictly control the production and processing of coffee consumption scale , particularly policies to support plant construction project coffee consumption scale . Creating demand protection for Vietnam coffee prices , prevent price pressure as current as the majority of coffee is to be exported .
Besides, focusing on developing regional planning materials for sustainable coffee production : development area certified coffee , coffee production to high standards , reduce costs , achieve productivity , protect the environment schools and society .
Currently, Vietnam is the second largest exporter of coffee with 2 world exports of one million tonnes but domestic consumption is very low , only 7 % of total production and per capita consumption is only 0 , 7kg/nguoi/nam . Many famous coffee brands such as Bien Hoa , Trung Nguyen , Vietnamese coffee , Me Home , Highland , Ming Tien ... appeared .
Three particular brand of coffee , Bien Hoa , Trung Nguyen and 2/9 by the Ministry of Trade and Industry recognized national brand in 2012.
Vicofa actively promote to promote coffee consumption in the country, raising domestic consumption up 15 % in 10 years. Construction and coffee culture with the General Quality Control , Ministry of Health building standard coffee roasters ensure safety , enhance brand promotion of products processed coffee .
(Source: Vietnam Economic Times)
