ANL 32.80 Decreased By ▼ -0.76 (-2.26%)
ASC 14.60 Decreased By ▼ -0.46 (-3.05%)
ASL 22.89 Decreased By ▼ -0.79 (-3.34%)
AVN 87.88 Decreased By ▼ -3.62 (-3.96%)
BOP 7.97 Increased By ▲ 0.06 (0.76%)
BYCO 9.96 Decreased By ▼ -0.01 (-0.1%)
DGKC 116.20 Decreased By ▼ -4.28 (-3.55%)
EPCL 53.50 No Change ▼ 0.00 (0%)
FCCL 23.68 Decreased By ▼ -0.12 (-0.5%)
FFBL 27.55 Decreased By ▼ -0.09 (-0.33%)
FFL 15.30 Decreased By ▼ -0.45 (-2.86%)
HASCOL 9.25 Decreased By ▼ -0.15 (-1.6%)
HUBC 76.50 Decreased By ▼ -1.40 (-1.8%)
HUMNL 6.19 Decreased By ▼ -0.15 (-2.37%)
JSCL 20.51 Decreased By ▼ -0.64 (-3.03%)
KAPCO 38.70 Decreased By ▼ -1.14 (-2.86%)
KEL 3.76 Decreased By ▼ -0.01 (-0.27%)
LOTCHEM 15.50 Decreased By ▼ -0.18 (-1.15%)
MLCF 43.75 Decreased By ▼ -1.25 (-2.78%)
PAEL 32.70 Decreased By ▼ -1.40 (-4.11%)
PIBTL 9.95 Decreased By ▼ -0.25 (-2.45%)
POWER 8.65 Decreased By ▼ -0.28 (-3.14%)
PPL 83.30 Decreased By ▼ -1.30 (-1.54%)
PRL 24.05 Increased By ▲ 0.06 (0.25%)
PTC 9.15 Decreased By ▼ -0.34 (-3.58%)
SILK 1.36 Decreased By ▼ -0.08 (-5.56%)
SNGP 39.35 Decreased By ▼ -1.15 (-2.84%)
TRG 171.00 Decreased By ▼ -2.00 (-1.16%)
UNITY 31.25 Decreased By ▼ -1.12 (-3.46%)
WTL 1.52 Decreased By ▼ -0.10 (-6.17%)
BR100 4,825 Decreased By ▼ -39.51 (-0.81%)
BR30 25,060 Decreased By ▼ -492.1 (-1.93%)
KSE100 44,930 Decreased By ▼ -376.93 (-0.83%)
KSE30 18,375 Decreased By ▼ -128.29 (-0.69%)

Coronavirus
VERY HIGH
Pakistan Deaths
16,842
14424hr
Pakistan Cases
784,108
587024hr
Sindh
275,815
Punjab
282,469
Balochistan
21,365
Islamabad
72,150
KPK
110,875

HANOI: Vietnam’s weekly domestic coffee prices were unchanged amid subdued activities, while the Indonesian market is expected to stay indifferent until a mini harvest in March, traders said on Thursday.

Farmers in the Central Highlands, Vietnam’s coffee-growing capital, sold coffee at 31,200-31,700 dong ($1.35-$1.39) per kg, unchanged from last week.

May robusta coffee settled up $25, or 2%, at $1,343 per tonne on Wednesday.

“Shipping container shortage, low prices and the reemergence of the virus contributed to a subdued market this week,” said a trader based in the coffee belt.

Vietnam has locked down two remote districts in the coffee-growing Central Highlands province of Gia Lai following the reintroduction of coronavirus restrictions last week.

“Gia Lai is not a big bean supplier but the situation there definitely hurt sentiment,” the trader added.

Traders in Vietnam offered 5% black and broken grade 2 robusta at premiums of $90-$100 to the May contract, up from last week’s $70-$80.

Coffee exports from Vietnam are estimated to have dropped 17.6% in January from a year earlier to 120,000 tonnes, equal to 2 million 60-kg bags, the country’s General Statistics Office said.

Meanwhile, Indonesia’s exported 8,055.9 tonnes of Sumatra’s robusta coffee beans from Lampung province in January, down 18% from a year earlier, official data showed.

Robusta beans in Lampung province were offered with a $250 premium to the March contract and a $290 premium to April, according to local traders, both unchanged from last week, as supplies remain scarce before the harvest. “What remaining stocks at exporters warehouses are only to fulfil their existing contracts,” one of the traders said.