Vietnam's domestic coffee prices fell slightly this week tracking the global market, while trade in Indonesia remained tepid due to depleted stocks, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 33,500 dong ($1.44) per kg on Thursday, down from 34,000 dong last week.
"Domestic prices dipped this week in line with the drop in London prices," said a trader based in the region.
Global prices on Wednesday recovered after falling continuously from Nov. 15. January robusta coffee LRCc2 settled up $46, or 3.43%, at $1,386 per tonne on Wednesday.
Vietnam-based traders said the 2019/2020 output would be similar to the 30 million bags picked in the previous season.
"Up to 15% of the 2019/2020 crop has been harvested, and more will arrive in December," another trader based in Ho Chi Minh City said. "It's much easier to buy now as farmers have started to offer beans."
Traders in Vietnam offered 5% black and broken grade 2 robusta at a $120-$130 premium per tonne to the January contract on Thursday, unchanged from last week.
Meanwhile, Indonesia's grade 4 defect 80 robusta beans were offered at premiums of $190-$200 to January contract, unchanged from last week, one trader in Sumatra's Lampung province said.
Another trader said premium fell to $220 to January contract from $260 last week.