Vietnam's premiums narrow to $50-$55/T to ICE July contract
· Export prices at the highest since Nov 2015
· Drought to linger in the Central Highlands
LIVING HISTORY OF VIETNAM COFFEE
The first coffee plant was brought into Vietnam in 1857 by French preachers to provide coffee to people working in monasteries. By 1888, coffee cultivation gained attention and reputation with first plantations in the northern plains.
During the 1920's, Tay Nguyen area was found to have ideal natural conditions for coffee cultivation. In 1975, it was targeted as a key coffee area for development.
In the early and mid 80's, Vietnam strengthened its efforts in the coffee industry and decided to become a major exporter. It took the country around ten years to become the world's second largest production nation. Part of the initiative was the formation of the Vietnam Coffee - Cocoa Association (VICOFA) in 1990. This non-governmental organization represents businesses and economic organizations engaged in production, processing, trade, export supply services, research and training. VICOFA coordinates and promotes production, trade and scientific research activities. Its aim is to strengthen relations with the world community.
Vietnam officially joined the International Coffee Organization (ICO) in 1991. VICOFA represents the country at international meetings of the International Coffee Council (ICC) as well as other international coffee organizations.
Address: No. 5, Ong Ich Khiem Street, Ba Dinh District, Ha Noi, Vietnam
Telephone: (084) 04 3733 6520 - 04 3845 2818
Fax: (084) 04 3733 7498
VIETNAM COFFEE - COCOA ASSOCIATION
Address: No 5, Ong Ich Khiem Street, Ba Dinh District, Ha Noi, Vietnam
Telephone: (084) 04 3733 6520 - 04 3845 2818 - Fax: (084) 04 3733 7498