Discounts for Vietnamese coffee widened this week on low demand, while prices edged up in Indonesia amid limited domestic supply, traders said on Thursday. Prices in Daklak, Vietnam's largest coffee bean-growing province rose to 47,300 dong-48,000 dong ($2.07-$2.11) per kg, from 46,000 dong-47,300 dong a week ago.
The 5-pct black and broken grade 2 robusta were quoted at $30-$90 a tonne below the London's ICE May contract, widening from $40-$85 a tonne last week. "There was not much trading in the market," said deputy director of Daklak-based Anh Minh Co Robusta coffee May futures snapped three straight sessions of declines to gain 0.9 percent to $2,189 per tonne on Wednesday.
Vietnam exported 146,000 tonnes (2.4 million 60-kg bags) of coffee in February, up 4.3 percent from the previous month, slightly above market expectations. Meanwhile, in Indonesia, Vietnam's major rival, supplies still remained at a low level, with the robusta grade 4, 80 defects quoted at a premium of $15-$28 a tonne to the May contract from $10-$20 a week earlier, traders said.Export orders were also limited due to low coffee supply.Coffee bean exports from Indonesia's main growing area of Lampung surged 45 percent in February as compared with a year earlier.
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