Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Vietnam Coffee Stocks May Curb Exports, Morgan Stanley Says

Oct. 7 (Bloomberg) -- Plans to stockpile coffee in Vietnam, the world’s largest producer of the robusta variety, may limit exports early in the season, according to Morgan Stanley.

Exporters in the Southeast Asian nation agreed to stockpile 420,000 metric tons of beans in 2011-12, Luong Van Tu, chairman of the country’s Coffee & Cocoa Association, said Sept. 27. Vietnam will produce 1.25 million tons in the season that started this month, Nicolas Tamari, managing director at Sucafina SA, a Geneva-based green-coffee trader with offices in Vietnam, said in a Sept. 30 interview.

“The government plans to stockpile coffee beans to prevent a repeat of last year’s stock-out could reduce early season exports,” Hussein Allidina, head of commodities research at Morgan Stanley in New York, said in a report e-mailed today.

Prospects for the crop are “generally favorable on good weather and a larger cultivated area,” he said.

Robusta coffee for November delivery rose $8, or 0.4 percent, to $2,033 a ton by 9:13 a.m. on NYSE Liffe in London, reducing this year’s drop to 3.1 percent.

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.