HANOI: Vietnam’s domestic coffee prices rose this week on tightening supplies, even as trading activity was subdued due to weak demand and fresh Indonesian supplies, traders said on Thursday.
Farmers in the Central Highlands, Vietnam’s coffee belt, sold beans at 97,200 dong to 98,000 dong (USD3.70 to USD3.73) per kg, up from last week’s 91,800 dong to 92,300 dong range.
“Trading activity remained relatively subdued, as many traders refrained from buying after domestic coffee prices surged to their highest levels in several months,” said a trader based in the coffee belt.
While weak demand curbed trading activity, traders said supply remained even tighter. Stocks on the London exchange, though recovering, were still low, and fresh Indonesian supplies had yet to arrive in significant volumes.