Concerns mount for Vietnam crop: Volcafe

Concerns are growing on the progress of the Vietnam harvest, Volcafe has reported in its latest market review of the week ending 14 November. Volcafe reported that the Vietnam Coffee and Cocoa Association (VICOFA) is predicting a 20 – 25 per cent drop in the 2014-15 crop, although it noted, the reasons attributed to this looked dubious. However, Volcafe supports VICOFA’s prediction of a drop in crop production. “Our own survey is also pointing to lower than expected yields and quality issues,” said Volcafe in the report. “We attribute this to diseases, cherries falling and tree exhaustion.” Volcafe said that extreme weather during the cherry development period may have negatively affected bean size, which are smaller than average for this time of the year. Vietnamese exports in October fell 1.6 per cent to 95.84 metric tons from last month, although in the January – October 2014 period, 1.45 million tons were shipped, up a third from a year ago, according to the report.

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