AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Coffee sales in Vietnam are slowing due to low prices, while supply rose in Indonesia as produces from a mini harvest reached the market earlier than expected. Farmers in Vietnam have sold 60-70 percent of their beans harvested in the 2018-19 crop year that began on October 1. "Sales are slowing as farmers are complaining that prices are too low now," said a trader based in the Central Highlands, Vietnam's largest coffee growing area.
Farmers in the Central Highlands sold coffee at 31,900 - 33,300 dong ($1.38-$1.44) per kg on Thursday, compared with 31,900-33,700 dong last week. "They are refraining from selling further as current prices are only slightly above the production cost," the trader added. Another trader said low prices also discouraged farmers to water their coffee trees already suffering from a drought in the region. "It's still too early to say if the drought will hurt the output of the next crop year, because if it rains when the trees are blossoming after the drought, it will be perfect for the next crop year," the second trader said.
Traders in Vietnam offered 5 percent black and broken grade 2 robusta at a $55-$60 per tonne discount to the May contract, compared with $50 last week. In Indonesia, supplies from the mini harvest in the southern part of Sumatra came slightly ahead of expectation of around April. A trader in the Lampung province in Sumatra said supplies this week rose 10-15 percent from last week.
Premium for the grade 4 defect 80 robusta was steady on last week at $70-$80 to the May contract on Thursday, the trader said. May robusta coffee settled down $13, or 0.9 percent, at $1,495 per tonne on Wednesday, giving up some of the previous session's gains.

Copyright Reuters, 2019

Comments

Comments are closed.