Trang chủ / / Agrinews

Coffee markets stay muted in Vietnam, Indonesia on low supply

Coffee markets stay muted in Vietnam, Indonesia on low supply
Tác giả: Reuters
Ngày đăng: 05/10/2017

Asian coffee markets remained subdued this week due to low supplies at the end the crop season in Vietnam

A coffee seller displays coffee beans for sale at a coffee shop in Hanoi August 14, 2013. REUTERS/Kham

Asian coffee markets remained subdued this week due to low supplies at the end the crop season in Vietnam and the harvest period in Indonesia, traders said on Thursday.

In line with a drop in London prices, domestic coffee prices in Vietnam's Daklak province fell to 42,000-43,000 dong ($1.85-$1.89) per kg from 44,000-44,500 dong last week, discouraging farmers to sell beans, traders said.

London ICE January futures fell 2.23 percent on Wednesday to $1,931 a tonne, in their sharpest fall in three weeks.

Exporters in Vietnam hardly clinched any deal as they offered the 5 percent black and broken grade 2 robusta on par with the January contract, while importers sought a discount of $30-$40 amid low demand.

Meanwhile, local farmers also refused to lower their prices amid a thin stockpile at the end of the 2016/2017 crop season after unfavourable weather at end-2016 hurt output.

Vietnam's coffee exports volume in the 2016/2017 crop year as of August was 1.4 billion tonnes, down 13 percent from the same period last year, but exports value during the same period rose 9 percent to $3.16 billion as prices were higher this year, customs data showed.

The coffee crop season in Vietnam starts in October and ends in September of the following year.

In Indonesia, prices of the grade 4 defect 80 robusta beans in the province of Lampung stood at a premium of $10 to the November contract, unchanged from last week.

A trader in Lampung, Indonesia's main coffee growing area, said trade remained light as sellers ran out of beans.


Có thể bạn quan tâm

Vegetable, fruit exports estimated at 2.64 billion USD Vegetable, fruit exports estimated at 2.64 billion USD

Exports of fruits and vegetables in the first nine months of the year are estimated at 2.64 billion USD, a year-on-year surge of 44.2 percent

03/10/2017
Ministry discusses ways to uphold world’s top cashew exporter Ministry discusses ways to uphold world’s top cashew exporter

The Minister of Agriculture and Rural Development presided over a conference discussing ways for Vietnam to uphold world’s top cashew exporter

03/10/2017
VN dragon fruit wows Aussie consumers VN dragon fruit wows Aussie consumers

Nearly 100 kilos of dragon fruit were sold during the Vietnamese Dragon Fruit Day held in Sydney by the Vietnamese Trade Office and the Embassy of Vietnam

03/10/2017
Sản phẩm khuyên dùng
Chất lượng vượt trội, bọt khí mịn, kháng khuẩn. Ống Nano-Tube là lựa chọn sục khí được ưa chuộng nhất trên thị trường để tăng cường oxy đáy trong ao nuôi tôm …
Sản phẩm khuyên dùng
Chất lượng hoàn toàn vượt trội, sử dụng hộp số giảm tốc vỏ gang, một trải nghiệm vô cùng mới. Oxy hoà tan cao, tạo dòng lưu thông mạnh giữ cho đáy ao luôn sạch.