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Asia Coffee: Vietnam Prices Fall Further; Indonesia Premiums Tighten

From: finance.yahoo.com

HANOI/BANDAR LAMPUNG (Reuters) – Vietnam’s domestic coffee prices fell further on Thursday from a week ago with trading activities expected to remain slow until the 2019/20 crop year that begins in October, traders said.

Farmers in the Central Highlands, Vietnam’s largest coffee growing area, sold coffee at 33,300 dong ($1.43) per kg, down from 34,500-35,000 dong a week earlier.

“Though domestic supplies have run very low in the recent weeks, prices keep falling due to strong supplies from Brazil,” a trader based in Central Highlands said. “Vietnam’s robusta prices might edge lower in the upcoming weeks.”

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