MASCOPEX

• World coffee exports amounted to 10.12 million bags in August 2021, compared with 10.13 million in August 2020.
• Exports in the first 11 months of coffee year 2020/21 (Oct/20 to August/21) have increased by 1.9% to 118.96 million bags compared to 116.78 million bags in the same period in 2019/20.
• In the twelve months ending August 2021, exports of Arabica totalled 75.90 million bags compared to 72.05 million bags last year; whereas Robusta exports amounted to 41.05 million bags compared to 41.76 million bags.

Coffee prices continued to increase in July 2021, with the Arabica variety reaching its highest levels since November 2014, as concerns grew about the current and future availability of many origins, especially the world’s largest producer, Brazil, which suffered a severe frost on July 20. As a result, market volatility increased. The monthly average of the ICO composite indicator reached 152.24 US cents/lb in July 2021, its highest level since 162.17 US cents/lb recorded in November 2014. Compared with the monthly average in October 2020, the beginning of the current coffee year, the level reached in July 2021 represents an increase of 43.8%. Prices of all four groups of coffee have recorded substantial increases. This upward trend of coffee prices over the first 10 months of coffee year 2020/21 seems to confirm a net recovery from the low-price levels that have dominated the world market since coffee year 2017/18. The price performance has also been driven by brighter prospects for demand, as pandemic-related restriction measures are being removed in major consuming markets and the development of vaccination programmes is enabling a progressive return to normal economic activity.

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In August 2021, coffee prices recorded the tenth consecutive month of increase, sparked by the concerns over supply, due to climate adverse conditions in major producing countries and increasing freight costs coupled with covid-19 lockdown restrictions disrupting trade flows in Asia. The monthly average of the ICO composite indicator increased by 5.2% to 160.14 US cents/lb in August 2021 from 152.24 US cents in July 2021. The level reached in August 2021 represented an increase of 51.3% since the start of the current coffee year. Prices of Arabica coffee have recorded substantial increases while those of Robusta coffee registered a moderate upturn. Concerns over the size of the next Brazilian crop, exacerbated by the recent frost, have led to record high volatility of the spot and futures prices.

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HCMC – The authorities of Phu Yen Province yesterday, October 3, gave the green light to the national aviation authority’s planto restart regular domestic flights linking the central province with Hanoi and HCMC.

Tran Huu The, chairman of the provincial government, suggested the Civil Aviation Administration of Vietnam (CAAV) direct the relevant agencies to adopt anti-Covid measures in line with the Transport Ministry’s guidelines and soon grant licenses to flights to/from Phu Yen to meet the travel demand among residents.

Earlier, CAAV on October 1 wrote to 19 provinces and cities to collect their feedback on a plan to restart regular domestic flights from October 5, with a total of 385 round-trip flights expected to be operated daily.

Under the plan, three round-trip flights will be operated daily on the Phu Yen-Hanoi route, while there will be four daily ones on the Phu Yen-HCMC route.

Among the other localities, HCMC would reopen 18 air routes with 132 daily flights. Between the central city of Danang and other localities, 43 daily flights are expected to be operated on 10 air routes.

As for air services to and from the capital city of Hanoi, CAAV has worked with the Hanoi transport authority on the plan and hopes to restart 91 daily flights on 17 routes. The Hanoi-based Noi Bai International Airport remains an important transport hub in the domestic and international aviation network. Accordingly, it is extremely essential to operate regular domestic flights to/from Noi Bai.

Aside from anti-Covid measures discussed by CAAV and the Hanoi government, if Hanoi wants to supplement more measures, CAAV will implement them to ensure Covid safety.

Up to now, apart from Phu Yen, the northern city of Haiphong recently sent its feedback on the plan, requesting CAAV not to resume passenger flights to/from Haiphong yet.

(english.thesaigontimes.com)