JAN 30 (SpillingTheBeans)–Coffee exports from Vietnam during the first four months of the 2013-14 crop year from October through January are seen down 32 percent to 6.87 million 60-kilogram bags, the official Vietnamese General Statistics Office said in Hanoi, according to a report by Dow Jones Newswires.
This compares to total exports of 10.1 million bags in the first four months of the last 2012-13 crop cycle and fall short of expectations from traders who have insisted that growers are holding back on coffee and that exports would surge in the month of January as producers would start to sell.
As reported earlier here, SpillingTheBeans has insisted for most of the last year that there is no evidence of a record crop and anyone in the industry who knows and understands the basics of the nature of coffee trees and production agree with this.
For more on the 2013-14 coffee crop in Vietnam don’t miss our latest “MARKET ANALYSIS: Vietnam 2013-14 Coffee Exports Continue To Plummet — Where Is The Record Crop? http://spilling-the-beans.net/market-analysis-vietnam-2013-14-coffee-exports-down-32-to-dec-31-where-is-the-record-crop/