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Coffee prices highest in two years

Update: March, 20/2013 - 08:41
The price of coffee beans in the Central Highlands provinces rose to VND46,000 (US$4.7) per kilo on Monday, the highest price in two years. At this price, farmers can earn profits between VND30 million ($1,430) and VND40 million ($1,910) a hectare, according to specialists in the Vietnamese coffee sector. At the end of last month, coffee was sold at VND42,000 a kg.

However, coffee farms are facing an acute shortage of water due to prolonged drought. The Viet Nam Coffee and Cacao Association predicted that coffee output in the areas would fall 30-40 per cent for the 2013-14 crop because of a water shortage.

Saigon Giai Phong (Liberated Saigon)

Enterprises asked to cut electricity use

Nearly 6,000 major enterprises, including 200 in the steel and cement industry, have been asked to economise on electricity as the output of the southern electric grid is expected to fall by 10-15 per cent, according to EVN's Southern Electricity Corporation. Water levels at many big hydropower plant reservoirs, especially those in the central provinces and the Central Highlands, are lower than normal levels.

Tuoi Tre (Youth)

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