Vietnam

Vietnamese coffee exporter Intimex has agreed to sell up to 18% of Vietnam’s 2009/2010 coffee harvest, or approximately 200,000 tons, to international trading companies Armajaro and Louis Dreyfus. The move is intended to help finance the company’s purchases from farmers.

Under the terms of a memorandum of understanding it signed with Armajaro, Intimex is understood to have committed to sell 100,000 tons of coffee from September 2010.

The company has also reportedly signed a contract agreeing to 100,000 tons of coffee with a US$140 million value to Louis Dreyfus.

Such arrangements are untypical as sales are usually for amounts ranging from 3,000 to 5,000 tons. Vietnam is projected to produce about 1.14 million tons of robusta coffee this coming season.