Vietnam supplies more than 90% of coffee for the Thai market.
The market share of Vietnamese coffee in Thailand’s total imports increased sharply from 72.4% in 2017, to 92.4% in 2018. VDSC reports.
Ministry of Industry and Trade said that in the first 10 days of February 2019, the price of Robusta coffee in the country increased according to the global coffee price. On 08 February 2019, Robusta coffee prices multiplied from 0.9 to 1.5% compared to 31 January 2019. Robusta coffee has the lowest price is about 33,000 VND/ kg in Lam Ha district (Lam Dong province). The highest level is 33,900 VND/kg in Cu M’gar district in Dak Lak province.
Meanwhile, in warehouses around Ho Chi Minh City, on 08 February 2019, R1 Robusta coffee increased by 1.2% compared to 31 January 2019 and increased by 0.6% compared to the 10 January 2019, reached VND 34,700 VND/kg.
According to statistics from the Thai Customs Agency, their country’s coffee imports in 2018 reached 64.68 thousand tons, worth 4.487 billion baht (equivalent to USD 142.57 million), up 11.5% in quantity, but down 10.5% in value compared to 2017.
Vietnam is still the largest source of coffee for Thailand with a positive growth rate of 42.3% in volume and 11.1% in value compared to 2017. Vietnam’s coffee market share in total import volume Thailand’s exports increased sharply, from 72.4% in 2017, to 92.4% in 2018.
According to statistics from the General Department of Customs Vietnam, in 2018 coffee exports to ASEAN region reached 198,851 tons, worth 375 million USD, up 135.7% in volume and 92.1% in value over the year 2017.
In ASEAN, Indonesia is Vietnam’s largest coffee export market with a volume of 62.3 thousand tons in 2018, worth 123.48 million USD, an increase of 343.5% in volume and 273.2% increase about value compared to 2017.
The average export price of coffee to ASEAN in 2018 reached 1,886 USD/ton, down 18.5% compared to 2017. In which, the average export price of coffee to Laos reached a high of 4,517 USD/ton increased by 52.4% compared to 2017 due to mainly export of processed coffee. The average export price of Vietnamese coffee to other markets such as Indonesia, Thailand and the Philippines plummeted.
The coal price proposed by TKV may make the purchasing power cost of EVN increase by thousands of billion dongs.
If applying the price of mixed coal as proposed by TKV (Coal Industry Group – Minerals of Vietnam) for EVN’s power plants and member units, the cost of purchasing electricity in 2019 increased by about 1,498.06 billion VND.
Vietnam Electricity Corporation (EVN) has just sent a message to the Prime Minister on the supply of coal and mixed coal price sold to electricity production in 2019 by EVN and its member units.
EVN said that according to the working report dated December 4, 2018 between EVN and TKV, Dong Bac corporation, the volume of coal supplied in 2019 is expected to be 25.84 million tons, of which the domestic coal volume is 19 million tons, volume of mixed coal is 6.84 million tons.
The main reason to use mixed coal for EVN coal-fired power plants is that TKV and Dong Bac corporation coal-fired power plants do not provide enough types of domestic coal for power plants.
Therefore, TKV and Dong Bac corporation have to import coal to mix with domestic coal to get coal mixed with quality standards equivalent to TCVN 8910: 2018 for EVN’s power plants and member units.
Proposed price of coal mixed by TKV and Dong Bac corporation is increased up to 188-273 thousand dong/ ton, equivalent to 11.18-15.06% depending on type.
EVN said that according to preliminary calculations, if applying the coal mixed price proposed by TKV, Dong Bac corporation for EVN’s power plants and member units, the cost of purchasing electricity in 2019 increased by about 1,498.06 billion dongs, of which coal purchased from TKV increased 1,062.89 billion dong, mixed coal bought from Dong Bac increased by 435.17 billion dongs.
Based on the situation of electricity production, coal supply for electricity production in 2019, EVN reported to the Prime Minister for his consideration on allowing EVN and its member units to use coal mixed between imported coal and domestic coal produced by TKV and Dong Bac with the volume and prices proposed by TKV and Dong Bac.