Vietnam coffee prices climb on limited supplies

HANOI: Domestic coffee prices in Vietnam rose this week on limited supplies from new harvest even as worries regarding the impact of storm Fengshen ebbed, traders said on Thursday.

In the Central Highlands, Vietnam’s largest coffee-growing region, farmers sold beans at 117,000 dong to 118,500 dong (USD4.44 to USD4.50) per kg, up from last week’s 113,700 dong to 114,500 dong. The Fengshen storm that made landfall on Wednesday, did not directly hit the coffee-growing area, and has now weakened to a depression, which did little harm to the trees.