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Asia Coffee-Vietnam Domestic Prices Hit One-Year High On Tight Supplies

From: reuters.com

Vietnam’s domestic coffee prices jumped to their highest level in a year on Thursday following a rise on the ICE and tight supplies at the end of the crop season, while prices in Indonesia extended their decline due to higher supply.

Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold coffee COFVN-DAK at 34,000 dong-34,500 dong ($1.47-$1.49) per kg, a level unseen since August last year, according to Refinitiv Eikon data.

November robusta coffee reached a six-month high on Wednesday, settling up $6, or 0.42%, at $1,427 per tonne.

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