Premiums for Vietnam's robusta coffee slipped from an all-time high ahead of the new harvest in October, while trading slowed to a trickle in neighbouring Indonesia before a Muslim religious festival, dealers said on Wednesday. Vietnam's grade 2, 5 percent black and broken beans for August shipment were $110 a tonne above London's September contract, down from a record at $220 last week.
Premiums above November contract were at $90 to $110. Indonesia's grade 4, 80 beans for prompt delivery held at record premiums of $400 to $500 a tonne above the September contract, but offers for delivery early next year stood at $60 a tonne above futures. Another dealer in Singapore said there were no reports of deals for next year's delivery either, as trading slowed down ahead of the Eid-ul-Fitr celebration later in August, marking the end of the fasting month.
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