AIRLINK 75.50 Increased By ▲ 0.25 (0.33%)
BOP 5.13 Increased By ▲ 0.02 (0.39%)
CNERGY 4.53 Decreased By ▼ -0.07 (-1.52%)
DFML 34.56 Increased By ▲ 2.03 (6.24%)
DGKC 90.50 Increased By ▲ 0.15 (0.17%)
FCCL 22.84 Decreased By ▼ -0.14 (-0.61%)
FFBL 33.15 Decreased By ▼ -0.42 (-1.25%)
FFL 9.93 Decreased By ▼ -0.11 (-1.1%)
GGL 11.13 Increased By ▲ 0.08 (0.72%)
HBL 115.44 Increased By ▲ 0.54 (0.47%)
HUBC 136.50 Decreased By ▼ -0.84 (-0.61%)
HUMNL 10.13 Increased By ▲ 0.60 (6.3%)
KEL 4.68 Increased By ▲ 0.02 (0.43%)
KOSM 4.74 Increased By ▲ 0.04 (0.85%)
MLCF 40.30 Decreased By ▼ -0.24 (-0.59%)
OGDC 140.80 Increased By ▲ 1.05 (0.75%)
PAEL 27.65 No Change ▼ 0.00 (0%)
PIAA 25.11 Increased By ▲ 0.71 (2.91%)
PIBTL 6.86 Decreased By ▼ -0.06 (-0.87%)
PPL 124.40 Decreased By ▼ -0.90 (-0.72%)
PRL 27.37 Decreased By ▼ -0.18 (-0.65%)
PTC 14.14 Decreased By ▼ -0.01 (-0.07%)
SEARL 61.60 Decreased By ▼ -0.25 (-0.4%)
SNGP 72.50 Decreased By ▼ -0.48 (-0.66%)
SSGC 10.50 Decreased By ▼ -0.09 (-0.85%)
TELE 8.75 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.52 Decreased By ▼ -0.21 (-1.79%)
TRG 66.50 Decreased By ▼ -0.10 (-0.15%)
UNITY 25.88 Increased By ▲ 0.73 (2.9%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,852 Increased By 49.4 (0.63%)
BR30 25,802 Decreased By -13.6 (-0.05%)
KSE100 74,884 Increased By 352.4 (0.47%)
KSE30 24,129 Increased By 174.6 (0.73%)

HANOI/BANDAR LAMPUNG: Vietnam’s Central Highlands is expected to face heavy rains this week that may disrupt coffee harvest in the country’s largest coffee-growing area, while supplies tightened in Indonesia at the end of the harvest, traders said on Thursday.

Rains would start from late Thursday until Saturday in the Central Highlands’ Kon Tum, Gia Lai, Dak Lak and Dak Nong provinces, the National Meteorological and Hydrological Center forecast.

“Rains may prevent beans from turning ripe and ready for harvest,” said a trader based in the coffee belt of Dak Lak.

“Cherry picking and processing might be delayed in some parts as a result.” According to traders, rains at this time of the year are worrisome as they have direct impact on both the quantity and quality of beans. Farmers in the Central Highlands, Vietnam’s largest coffee-growing area, sold beans at 46,100-47,000 dong ($1.92-$1.95) per kilogram, compared with last week’s range of 46,600-47,000 dong. Traders in Vietnam offered 5% black and broken grade 2 robusta at a discount of $100-$130 per tonne to the January contract. January robusta futures on ICE settled down $19, or 1%, at $2,141 per tonne on Wednesday.

Vietnam’s coffee exports in September were down 17.8% from the month before at 92,550 tonnes, government customs data showed. For the first nine months of 2022, Vietnam exported 1.34 million tonnes of coffee, up 13.1% from a year earlier. In Indonesia’s Lampung province, some traders increased prices of Sumatran robusta beans this week as harvest ended.

Beans were offered at a discount of $50 to the November contract, one trader said, compared with a discount of $80-$90 last week. “Stock is limited, while demand from exporters was pretty strong despite higher prices,” the trader said. Another trader offered a discount of $30-$40 to the November and December contracts, unchanged from last week.

Comments

Comments are closed.