Nestle Pledges Huge Vietnamese Coffee Purchase
The Swiss giant food processor Nestle pledged to purchase around 20-25 per cent of Vietnamese coffee exports this year, Pierre Schaufelberger, managing director of Nestle Vietnam affirmed on February 26 in HCM City.
Last year Nestle reportedly consumed 185,000 tons out of 776,000 tons of coffee exported by Vietnamese companies, he said.
Nestle will continue to assist Vietnam in developing its coffee quality by importing high quality seedlings, exchanging experts, and training local farmers in methods of planting, cultivating, preserving and processing coffee for export, Schaufelberger said.
The company will also provide continuously updated world market coffee price information, he added.
Last year, Nestle Vietnam already imported as many as 5,000 high-grade Robusta coffee seedlings from Thailand, which were developed in the Nestle Research Center in Tours, France, for the sustainable coffee development program in southern Vietnam.
The program is being carried out by the Ministry of Agriculture and Rural Development’s Central Highlands Agro-Forestry Science and Technology Institute in Buon Me Thuot.
Nestle has operated in Vietnam since 1993 and has so far invested USUS$83 million into projects developing coffee plantations and producing coffee products in the Southeast Asian country. (Labour)
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