AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.25 Increased By ▲ 0.21 (0.17%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.57 Increased By ▲ 0.02 (0.23%)
DFML 41.75 Increased By ▲ 0.31 (0.75%)
DGKC 87.50 Increased By ▲ 0.65 (0.75%)
FCCL 32.40 Increased By ▲ 0.12 (0.37%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.30 Increased By ▲ 0.05 (0.49%)
HUBC 109.51 Decreased By ▼ -0.06 (-0.05%)
HUMNL 14.75 Increased By ▲ 0.07 (0.48%)
KEL 5.08 Increased By ▲ 0.03 (0.59%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.50 Increased By ▲ 0.12 (0.29%)
NBP 59.50 Decreased By ▼ -0.91 (-1.51%)
OGDC 192.35 Increased By ▲ 2.25 (1.18%)
PAEL 28.11 Increased By ▲ 0.28 (1.01%)
PIBTL 7.84 Increased By ▲ 0.01 (0.13%)
PPL 151.21 Increased By ▲ 1.15 (0.77%)
PRL 26.49 Decreased By ▼ -0.39 (-1.45%)
PTC 16.15 Increased By ▲ 0.08 (0.5%)
SEARL 83.48 Decreased By ▼ -2.52 (-2.93%)
TELE 7.77 Increased By ▲ 0.06 (0.78%)
TOMCL 35.42 Increased By ▲ 0.01 (0.03%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.15 Decreased By ▼ -0.14 (-0.26%)
UNITY 26.67 Increased By ▲ 0.51 (1.95%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
BR100 9,991 Increased By 106.9 (1.08%)
BR30 31,161 Increased By 561.2 (1.83%)
KSE100 94,150 Increased By 795.1 (0.85%)
KSE30 29,170 Increased By 239.4 (0.83%)

HANOI/BANDAR LAMPUNG: Vietnamese robusta beans stayed at hefty premiums this week as fresh beans from the new crop season were yet to arrive in the market, while prices in Indonesia were stable, traders said on Thursday.

Farmers in the central highlands, Vietnam’s largest coffee-growing area, were selling beans for 62,000-63,000 dong ($2.54-$2.58) per kg, lower than last week’s 64,800-66,700 dong.

Meanwhile, some quoted 55,000 dong per kg for new crop beans to be delivered in December, according to traders. Sellers in Vietnam offered 5% black and broken-grade 2 robusta at $200-$400 premium range per metric ton to the January contract, compared with last week’s $200 premium. “Buyers and sellers still cannot agree on prices,” said a trader based in the coffee belt.

“At this point, most traders are likely awaiting beans from the new season.” Another trader from the region said that if the weather allowed, some beans would start to come as soon as end-October.

“The weather now is a mix of rain and sunny spells but sunny days are more welcomed as beans need the sun to fully ripe,” the trader added. Vietnam’s coffee exports in the first nine months of 2023 were 1.25 million metric tons, a fall of 8.3% from the same period of last year, customs data showed.

January robusta coffee sank to its weakest in six months, settling at $2,235 as of Wednesday’s close. “Exports reports from main producers put pressure on future prices, together with the start of the new crop season in Vietnam,” the second trader said.

Indonesian Sumatra beans were offered at $480 premium to the November contract this week, the same as last week.

Comments

Comments are closed.