VINAPRO GROUP

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Wet weather conditions in the first half of November caused by tropical storms have significantly slowed down the harvest pace and reduced the quality of coffee at the beginning of the new crop.

ảnh-chụp-màn-hình-20211214-11230112

Inventory 
    The upcountry inventory in November is estimated at 49,410 tnnes, 35% lower than last month. Port inventory in October is about 163,700 tonnes, 19% lower than last month. Due to favorable weather, 2021-2022 is expected to be a good crop year for Vietnam with high coffee production. Many localocal traders believe that farmers have sold 6-7 percent of the 21/22 crops.
Price
    Robusta farmgate have continued to rise, which are reported between 40,500 VND/kg and 42,000 VND/kg spot Dallak, this price increased by about 600-700 VND compared to the price of September 2021. Although the price has highly increased, the production cost is much higher, especially fertilizer and labor cost, farmers' sales volume is not as high as in previous years. In the 20-21 crop, for one hectare of coffee growing are, the cost of materials was $ 1,767 and labor cost was $2,396. But for the 21-22 crop, the cost materials is $1,870 and the cost of labor is $2,535, an increase of 6%. The differential price for Vietnam Robusta grade 2 in November is pretty firm at 220/230 under for the current crop delivered until December 2021.

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