AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

Vietnam's coffee supply was steady as the weather supported harvesting amid lean trading, while Indonesian markets were subdued due to low stocks and the holiday period, traders said on Thursday.

Vietnamese farmers have been ramping up their harvest of coffee beans in the Central Highlands, Vietnam's largest coffee-growing area, to take advantage of supportive weather, according to traders.

"Farmers have harvested 80% of this year's crop and are speeding up drying of beans as it's sunny now," a trader in the coffee belt province of Dak Lak said.

Farmers in the Central Highlands sold coffee at 40,300-42,000 dong ($1.76-$1.83) per kg, compared with last week's 40,400-41,500 dong.

Raw sugar slips as Omicron, inflation fears unnerve global markets

Traders in the country offered 5% black and broken grade 2 robusta at discounts of $440-$430 per tonne to the March contract, compared with last week's discount of $400.

"At this discount range, domestic prices should be around 45,000 dong per kg. However, due to the supply chain disruption, beans can't be transferred properly and buyers can not offer higher," the Dak Lak-based trader said.

London ICE November futures settled up $22, or 1%, at $2,339 per tonne on Wednesday.

For the first 11 months of 2021, Vietnam exported 1.4 million tonnes of coffee, down 2.3% from a year earlier, customs data released last week showed.

In Indonesia's Lampung province, Sumatran robusta beans were offered at a discount of $230-$250 to the February contract, compared with last week's $200-$220 discount range for the same contract.

Another trader offered a $250 discount to the March contract, unchanged from last week.

"The benchmark prices remain high, while there is not much bean stock anymore, so the differential remains the same," one of the traders said.

Shipments have also slowed due to the holidays, traders added.

Comments

Comments are closed.