Vietnam coffee prices hit all-time high

HANOI: Vietnamese robusta coffee prices rose nearly 3 percent on domestic markets in the past week to an all-time high of 50 million dong ($2,424) a tonne on Wednesday, tracking gains in London robusta futures markets, traders said.

Prices rose from 48.6 million dong a week ago in the top growing province of Daklak after London's July contract increased $56 to close at $2,611 per tonne, supported by New York arabica that rose to a 34-year high on Tuesday.