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Asia Coffee-Domestic Prices Rise In Vietnam As Coronavirus Limits Supply

From: in.reuters.com

Domestic coffee prices rose in Vietnam this week as traders stockpiled on the commodity following a supply shortage in rival robusta producer Brazil due to the coronavirus pandemic, traders said on Thursday.

Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold coffee COFVN-DAK at 31,200-31,500 dong ($.32-$1.33) per kg, up from 30,500 dong last week.

The outbreak has halted trading activities in Brazil, where it infected 2,554 people and killed 59.

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