A behavior of price resistance as indicated right in USDA's report on part of Vietnam market.
In my view, currently the London Exchange worries about the possible flood of 18~20 million bags of Brazilian conilon . I know that now Brazilian conilon origin is offered at much cheaper than Vietnamese origin is done.
In my calculation within next 12 months the total Robusta variety we have in hand is : 19 million bags conilon + 11.66 million Vietnam old crop (700.K mts) + 30 million Vietnam new crop = 60.600.000 bags.
DON'T SEE ANY PROBLEM FROM SUPPLY SIDE.
« Back to index