Dak Lak to host second coffee festival
06-OCT-2008 Intellasia | Saigon Times Daily page 2
Oct 6, 2008 - 7:00:00 AM
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Dak Lak, the country's key coffee growing province, will host a second coffee festival in December, featuring 150 manufacturers and traders nationwide and 27 others from other countries.
The Buon Ma Thuot Coffee Festival 2008 from December 10 to 14 will serve as a trade promotion between the country's coffee producers and international coffee traders, said Lu Ngoc Cu, chair of the province.
He said that besides the festival in Buon Ma Thuot City, the organiser will open a transaction session.
Dak Lak will coordinate with the Vietnam Coffee Corp (Vinacafe) and the Vietnam Coffee and Cocoa Association (Vicofa) to organise the event.
Do Ha Nam, vice chair of Vicofa, said the country has a total coffee cultivation area of some 500,000 hectares, with 180,000 hectares of it in Dak Lak, and a total output of one million tonnes a year.
In the first nine months of the year, Vietnam exported some 900,000 tonnes of coffee with total revenue of US$1.7 billion, and it is expected that the country will obtain total coffee export revenue of US$2 billion this year, the highest in years, Nam told the Daily.
Last year the country registered total export revenue of US$1.7 billion.
Nam proposed maintaining the coffee cultivation area at around 500,000 hectares with a maximum output of one million tonnes per year for a stable coffee price and for the safety of the coffee growers.
According to Vicofa, many coffee growers in the country have been expanding their farms, increasing risk of a price fall.
In the past, the coffee price fell to US$300 a tonne, forcing many growers in the country to slash coffee trees for other crops.
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