Coffee output for the 2010 – 2011 crop is said to be diminished due to abnormal weather conditions, according to the Vietnam Coffee and Cacao Association (Vicofa).
The Vicofa has held a meeting to review its operation regarding the 2009 – 2010 crop, in which coffee producers earned US$1.66 billion from exporting nearly 1.2 million tonnes of coffee beans, a decline of 30,000 tonnes compared to last year.
To ensure export volumes and stable prices, the Vicofa has recommended that the Government carry out coffee development plans, and store at least 300,000 tonnes of beans in November.
At present, coffee growers, who are harvesting their crops, can sell their products at high prices.
Source: NLD
Translated by Duy Minh