BENGALURU/HANOI (Commodity Online): India's coffee exports have surged 41.6% in the 2010 October to August 1, 2011 period thanks to rising shipments to Italy and Germany, On the other hand Vietnam exports have fallen in July by 38.2% due to thin stocks and and higher prices, Reuters reported.
India's coffee shipments are pegged at 313,270 tonnes for the period. India’s coffee production is expected to rise 6.7 per cent to 3,22,250 tonne in the 2011-12 season starting in October because of favourable weather conditions, Coffee Board has said.
The final crop estimate based on crop harvest data for year 2010-11 (October-September) is placed at 3,02,000 tonne. Arabica production is estimated to rise 11 per cent to 1,04,525 tonne in 2011-12 over the final estimate of 2010-11, pegged at 94,140 tonne. The production of robusta is expected to increase 4.74 per cent to 2,17,725 tonne, as against the final estimate of 2010-11, which 2,07,860 tonne
Vietnam's coffee exports this month could rise to between 65,000 tonnes and 70,000 tonnes, part of which will come from foreign firms' Vietnam-based stocks, up at least 18 percent from the loading volume in July, Reuters report added.
The volume to be loaded is from deals committed a few months ago, the latest of which could be from July, while Vietnamese exporters have slowed trading in recent weeks due to thin stocks and high prices keeping foreign buyers away, traders said.
Vietnam exported an estimated 55,000 tonnes, or 917,000 bags, of coffee in July, down 38.2 percent from the same month last year, the government said
In August 2010 Vietnam exported 77,800 tonnes of coffee, up from 54,000 tonnes the year before, government data show.
The shipment expected this month, equivalent to 1.08-1.17 million bags, would take more than half of Vietnam's remaining stock from the latest 2010/2011 harvest, leaving less than 1 million bags for September.
The next harvest will start from November in the Central Highlands coffee belt and peaks in December.
