The higher price of Robusta coffee brings great benefits to Việt Nam''s coffee industry because about 94 per cent of Vietnam''s coffee growing areas have planted this variety.
Silvio Farnesi, Brazilan Ministry of Agriculture’s manager in charge of coffee, said the Government has approved import of robusta coffee for the first time in history, including from Viet Nam.
In London, prices for Robusta coffee have surged to their highest level
in five months thanks to a lack of selling from Viet Nam primarily due
to the Tet (Lunar New Year) holiday. Vietnamese farmers and exporters halted
their selling in part because...
Coffee prices fell sharply at the beginning of last week after rumours of a frost in Brazil''s coffee growing areas dissipated.
Brazil is the world''s largest coffee producer and exporter.
The Ministry of Agriculture and Rural Development (MARD) is considering
extending loans to coffee exporters as the businesses battle losses
brought about by a slump in export prices.