Vietnam, Indonesia coffee premiums widen

HANOI/BANDAR LAMPUNG: Trading activities remained tepid in Vietnam as traders await new crop season, while premiums in both markets widened this week to compensate for subdued London prices, traders said on Thursday.

Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 33,500 dong ($1.45) per kg, lower than the 34,200-34,500 dong range last week.

"Trade has almost come to a halt ahead of a major harvest (season) beginning next month. Virtually no new deals have been clinched," a trader based in the coffee belt said. "Prices fell this week tracking lower London prices."