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Stockpiling scheme to be started from fifteen April
Vietnam is beginning to start tomorrow buying coffee under a suggestion directed at stocking up 200,000 tonnes of coffee for six months.
A final list of the corporations authorised to conduct the stockpile, which is predicted to include Vietnam's main exporters is to be released by the governing body later this week. The companies are to buy the coffee from farmers at 25,000 dong per kilo. Prices have been around 24,600 dong per kilogram recently, but fell had fallen to as low as 22,000 dong earlier in the year.
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Coffee production down 28.5 p.c in 1Q

In the first three months of 2009, 2.5 million bags of coffee were produced, compared with 1.8 million in the same period of time in 2010.
Regardless of the dire statistical data, growers are upbeat that the good behavior of the blooms, climate and fertilization in late 2009 and early 2010 will supply a solid base to improve on. The federation also saw support in the growth in both domestic and world coffee prices in the 3rd month of 2010.
United Coffee asserted it was too early to assess the impact on its 280 staff in the UK, but added that it planned to grow the business in the United Kingdom.
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