Economic Calendar

Tuesday, December 2, 2008

Vietnam’s Dak Lak Coffee Farmers Resume Harvest as Rain Eases

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By Nguyen Dieu Tu Uyen

Dec. 2 (Bloomberg) -- Coffee farmers in Vietnam, the world’s second-largest grower after Brazil, have resumed harvesting in the country’s largest growing region after rains cleared, according to traders and local government officials.

“Farmers are trying to take advantage of the current dry weather,” said Hua Thanh Hong, business manager of the Sept. 2nd Import-Export Co. The rains had stopped for two days, according to Huynh Quoc Thich, head of cultivation office in the agricultural department of Dak Lak province.

About two weeks of prolonged rains had interrupted the harvest, delaying the picking of berries and hampering efforts to dry the crop. The difficulties had raised concerns among some traders that they may not be able to fulfill export orders.

Farmers “will need at least one sunny week to dry the picked beans,” Sept. 2nd Import-Export’s Hong said today by telephone. The Dak Lak-based company is among the three biggest Vietnamese coffee exporters.

Robusta for January delivery fell $4, or 0.2 percent, to $1,965 a metric ton yesterday on London’s Liffe exchange. The contract had gained 20 percent since the start of November.

Buon Ma Thuot, Dak Lak’s largest coffee area, received 43.4 millimeters of rainfall from Nov. 21 to Nov. 30, down from 93 millimeters (3.7 inches) in the previous ten days, figures from the weather office showed.

Dak Lak will have some sunny days this week, according to a Dec. 1 report by the province’s Hydrology and Meteorology Office. Still, the area will receive some rain at the end of the next ten-day period, according to the report.

To contact the reporter on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net




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