Nedcoffee Sees Vietnam’s Coffee Production at 25 Million Bags
Output in the previous season was 19.5 million bags, the U.S. Department of Agriculture estimates. Vietnam has exported about 1.24 million tons, or 20.64 million bags, from the start of the season in October through to July, said the trader, which has offices in the Southeast Asian nation. A bag of coffee weighs 60 kilograms (132 pounds).
Farmers in Vietnam are still holding back 2.4 percent of the 2011-12 crop, Nedcoffee said in a report e-mailed today. Coffee collectors, middlemen and private millers in the Central Highlands, the country’s main growing region, are holding another 2 percent, according to the report.
In Indonesia, the third-biggest robusta grower, about 64 percent of the robusta crop in southern Sumatra, the main growing area, was harvested by the end of last week, the Amsterdam-based trader said.
About 87 percent of the beans gathered have been delivered to Bandar Lampung. Deliveries in the past four-week period totaled 47,000 tons, the highest for the period in four years, it said.
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.