AGL 8.13 Decreased By ▼ -0.02 (-0.25%)
ANL 11.37 Increased By ▲ 0.28 (2.52%)
AVN 84.19 Increased By ▲ 0.49 (0.59%)
BOP 5.80 Decreased By ▼ -0.05 (-0.85%)
CNERGY 5.92 Increased By ▲ 0.27 (4.78%)
EFERT 80.10 Decreased By ▼ -0.12 (-0.15%)
EPCL 67.20 Decreased By ▼ -0.08 (-0.12%)
FCCL 15.15 Decreased By ▼ -0.05 (-0.33%)
FFL 7.12 Decreased By ▼ -0.11 (-1.52%)
FLYNG 7.82 Decreased By ▼ -0.24 (-2.98%)
GGGL 11.94 Decreased By ▼ -0.06 (-0.5%)
GGL 17.80 Increased By ▲ 0.09 (0.51%)
GTECH 9.39 Increased By ▲ 0.61 (6.95%)
HUMNL 7.30 Increased By ▲ 0.07 (0.97%)
KEL 3.51 Decreased By ▼ -0.23 (-6.15%)
LOTCHEM 31.19 Decreased By ▼ -0.91 (-2.83%)
MLCF 28.75 Decreased By ▼ -0.25 (-0.86%)
OGDC 85.50 Decreased By ▼ -0.55 (-0.64%)
PAEL 17.29 Decreased By ▼ -0.11 (-0.63%)
PIBTL 6.23 Decreased By ▼ -0.07 (-1.11%)
PRL 20.06 Increased By ▲ 0.96 (5.03%)
SILK 1.30 Increased By ▲ 0.11 (9.24%)
TELE 12.18 Decreased By ▼ -0.07 (-0.57%)
TPL 9.23 Increased By ▲ 0.05 (0.54%)
TPLP 20.55 Decreased By ▼ -0.15 (-0.72%)
TREET 27.13 Increased By ▲ 0.18 (0.67%)
TRG 98.27 Increased By ▲ 0.52 (0.53%)
UNITY 22.98 Decreased By ▼ -0.02 (-0.09%)
WAVES 13.38 Decreased By ▼ -0.72 (-5.11%)
WTL 1.45 Increased By ▲ 0.14 (10.69%)
BR100 4,374 Decreased By -14.4 (-0.33%)
BR30 16,090 Decreased By -8.8 (-0.05%)
KSE100 43,533 Decreased By -143.8 (-0.33%)
KSE30 16,519 Decreased By -13.4 (-0.08%)

HANOI: Vietnamese coffee prices picked up on a rebound in London prices, while Indonesian premiums rose ahead of main harvest which may begin in May, traders said on Thursday.

Farmers in the Central Highlands, Vietnam’s coffee-growing capital, sold coffee at 32,100-32,800 dong ($1.39-$1.42) per kg, up from 31,800-32,300 dong last week.

May robusta coffee settled up $10, or %1, at $1,410 on Wednesday.

“There was not much trading in the market,” said a trader based in the coffee belt. “Prices rebounded this week but were still under farmer’s expectation.”

Traders in Vietnam offered 5% black and broken grade 2 robusta at premiums of $50-$60 to the May contract, up from $40-$50 premiums a week ago.

Vietnam’s coffee exports in February were down 23.5% from January at 122,833 tonnes. For the first two months of 2021, Vietnam exported 283,339 tonnes of coffee, down 14.7% from a year earlier, official data showed.

In Indonesia’s Lampung province, robusta beans were offered with premiums of $230 to $240 to the April contract, increasing $10 from last week. While for the May contract, the premium increased to $250 from last week’s $200.

Traders said increasing premium to the April and May contracts was due to the rise in terminal price. Main harvest is expected in May or June.

Comments

Comments are closed.