From Origin

Asia Coffee-Markets Dull Amid Holidays; Vietnamese Farmers Hold On To Beans


Trading activity was subdued this week as traders settled in for year-end holidays and farmers were reluctant to release beans on low prices, while the Indonesian market was closed for the holidays, traders said on Thursday.

Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold coffee COFVN-DAK at 33,600 dong ($1.45), compared to a range of 33,500-34,000 dong last week.

“Many foreign importers and banks are on holiday, so trade is dull. Locally the market is also subdued,” said a trader based in Ho Chi Minh City.

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