HANOI/BANDAR LAMPUNG: Fresh coffee supply from Vietnam's 2020/21 harvest is yet to pick up as heavy rains in key growing areas triggered by storms over the past month disrupted cherry picking, traders said on Thursday. Farmers in the Central Highlands sold coffee at 33,800-34,200 dong ($1.46-$1.48) per kg compared with 33,200 dong last week.
"Another typhoon is on its way to Vietnam and is expected to dump more rains in the coffee belt. Bean picking may have to be delayed till late November," said a trade based in Ho Chi Minh City. "New beans won't come in bulk until early December." Traders said it was still too soon to tell if rains over the past month had harmed coffee beans.
"If it is sunny after this typhoon, beans will be at their best quality," another trader based in the coffee belt said. January robusta coffee settled up $27, or 2%, at $1,393 per tonne on Wednesday. Traders in Vietnam offered 5% black and broken grade 2 robusta at premiums of $120-$140 per tonne to the January contract, compared with last week's $170-$180 premium range.
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