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Vietnam 07-08 Coffee Crop Forecast Lower Near 1 Million Tons (DJ)

Source: Dow Jones Newswires
30/01/2008

Singapore, Jan. 30 - Industry participants Wednesday projected Vietnam's robusta coffee crop for 2007-08 around 900,000-1 million metric tons, almost 25% less than the Vietnam Coffee Association's initial estimate.

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Growers pegged their crop projections near 900,000 tons, while traders estimate the crop to be almost 1 million tons. Vietnam produced a bumper harvest of 1.2 million tons in the crop year ended Sept. 30, 2007.

The country is the world's largest producer of robusta coffee.



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