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Vietnam may lose Buon Ma Thuot coffee brand

The problem lies in the fact that a Chinese company has registered the trademark “Buon Ma Thuot” as the exclusive trademark in China. Experts have warned that the Chinese company may take a further step by registering the Buon Ma Thuot trademark all over the world. Vietnam urged to take legal proceedings on Buon Ma Thuot

Vietnam’s agricultural exports falter despite high prices

Vietnam, the world’s second-largest exporter after Brazil, shipped 40,000 tons in August, down 24.5 percent from the previous month. Coffee exports in the first eight months of the year were estimated by the General Statistics Office at 958,000 tons, 11 percent higher than a year earlier.

Dutch give boost to agricultural sector

The ministry’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the co-operation. The Netherlands will help Viet Nam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law experts concerning the European Union’s food safety rules and law.

Chile’s firms seek business opportunities in Viet Nam

Viet Nam now ranks 42nd among Chile’s trade partners, accounting for 0.16 per cent of the country’s total export value. Two-way trade reached US$240 million in 2009, $115 million of which came from Vietnamese exports, including coffee, shoes, garments and rice. It was estimated to top $300 million last year, a 31-per-cent year-on-year increase.

Vietnam, Netherlands enhance PPP in agriculture

MARD’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the cooperation. The Netherlands will help Vietnam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law makers in the European Union (EU) food safety and law.

Agricultural exports tipped to rise this year

In a report released this week, the ministry predicted that with a coffee cultivation area of 548,200ha in the 2010-11 crop, up 1.8 per cent over last year’s crop, the coffee industry would gain a yield of more than 1.1 million tonnes this year, up 4.6 per cent against last year. This year’s coffee exports could reach more than 1.28 million tonnes worth roughly US$2 billion against the $1.76 billion of last year, the ministry said.

Vietnam coffee exporters told to stop underselling

Vietnam now holds a 15 percent share of the global coffee output and it can affect prices on the market. However, many exporters are still trying to compete against each other, giving the advantage to buyers.

Coffee prices exceed VND38,000/kg

This increase is attributed to a surge in coffee prices on the London market on the evening of January 11, from US$2,050 per tonne to US$2,105.

HCM City opens Vietnam Goods Exchange

It is headquartered at 18-20 Phuoc Hung street, District 5 and its trading floor is at 52 Nguyen Cong Tru street, District 1, HCM City.Vietnam Goods Exchange has its charter capital of VND150 billion, and three main kinds of goods-coffee, rubber and steel-for transaction. The model of operation consists of three parts: a trading floor, a balance payment centre, and a goods verification and transaction centre. 

Dak Lak to host third Buon Ma Thuot Coffee Festival

Buon Ma Thuot Coffee Festival 2011 will include an exhibition of coffee products, an international seminar on coffee production and consumption and development of Buon Ma Thuot coffee, inauguration of an international coffee museum, and other cultural activities.

Coffee prices top VND35,800/kg

Vietnam has biggest Robusta coffee output in the world. Therefore, the domestic coffee prices are likely to be affected by the world price changes. The prices of Robusta coffee (FOB prices at Ho Chi Minh City Port) increased between $33-$35 per ton to between $1,838-$1,850 per ton from the last week.

Breaknews

Petrol price to remain stable - Third coffee plant opens - Viet Tri centre for 500 traders - Investment certificates revoked - Advice on green development - MB inks deal with EVN - Intracom insures capital building.

Foreign exporters win larger share of coffee crop

Exporters had to pay VND500,000, about US$23, interest for each tonne of coffee when yearly bank interest rates climbed to 18 per cent and coffee cost about VND35 million (US$1.600) per tonne, said Simexco Dac Lac general director Le Duc Thong.

Coffee export earnings to hit record $16.5 billion

“The $16.5 billion is not definitive yet, it is still a forecast, but we are confident we will surpass the record this year,” Jose Sette, the organization’s acting executive director, said at a conference in Ho Chi Minh City today.

Viet Nam's first coffee museum set to open

More than 10,000 rare exhibits that illustrate the history of coffee have been transferred to the museum's proprietor - the Trung Nguyen joint stock company - from the world's biggest coffee museum owner Jens Burg of Germany. About 100 objects from the collection are on display at Trung Nguyen Coffee, No 7 Nguyen Van Chiem Street, District 1, HCM City. Visitors are shown how coffee has been made from the beans to a cup throughout history.


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