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| Thai Hoa Joint - Stock Company sponsors 2 billion for Buon Ma Thuot Buon Ma Thuot Coffee 2008
Recently, People's Committee of Dak Lak province held a ceremony to sign the contract sponsoring for The Buon Ma Thuot Coffee Festival 2008. At the ceremony, with the authorization of Chairman of People's Committee of Dak Lak province, Mr. Ly Thanh Tung, Director of Dak Lak Trade and Investment Promotion Center and Mr. Nguyen Van An, General Director of Thai Hoa Joint-Stock Company signed the commitment to sponsor for this event. According to the commitment, Thai Hoa Joint - Stock Company will sponsor Buon Ma Thuot Coffee Festival 2008 with the amount of 2 billion VND. |
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| Netherlands lends hand to Viet Nam cocoa growers
The Netherlands has pledged to provide Viet Nam with financial and technical support to help the Viet Nam cocoa industry ensure its sustainable development.
Pursuant to a memorandum of understanding inked between the Ministry of Agriculture and Rural Development (MARD) and the Netherlands’ Ministry of Agriculture, Nature and Food Quality, Viet Nam must designate an area to supply raw material for the industry and quickly build up the necessary labour force.
The deal was signed at a two-day seminar that ended late last week in HCM City.
As a result of the agreement, Viet Nam aims to emerge as a reliable global supplier of cocoa beans, particularly in Asia where supply falls far below demand, MARD affirmed during the seminar.
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| Exports of coffee in Brazil will decrease next year
Exports of coffee of Brazil, including green coffee, instant coffee and roasted and ground coffee, is expected to fall 3.6% in the next year, even when the Real discounts compared with the USD, because coffee trees are in the cycle of low output - every 2 years once. In addition, higher fertilizer prices are also limited output.
Exports of coffee from Brazil will drop to 27 million bags in the next year, compared with 28 million bags in this year. Coffee production in Brazil is expected to decrease to 40 - 42 million bags, compared with 45 million bags of this year. The difference in yield between high and low yield years is gradually narrowed, because the productivity of coffee is increasing with every passing day.
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