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Vietnam Domestic Coffee Prices Hit Four-Month Lows; Trading Thin In Indonesia

From: news.yahoo.com

HANOI/BANDAR LAMPUNG (Reuters) – Vietnam’s domestic coffee prices fell to four-month lows this week, tracking international prices, while trading was thin in Indonesia at the end of its main harvest season, traders said on Thursday.

Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold coffee <COFVN-DAK> at 30,000 dong ($1.29) per kg on Thursday, according to traders.

January robusta coffee <LRCc2> settled down $24, or 1.9%, at $1,240 per tonne on Wednesday.

“There have been virtually no transactions in the past weeks as buyers are waiting for fresh beans from the upcoming season,” a trader based in the region said, adding that new beans wouldn’t arrive until mid-November.

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