AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

HANOI/BANDAR LAMPUNG: Asia's coffee export markets were dull this week with few deals clinched ahead of the Christmas and New Year holidays, while prices in Vietnam edged up due to unfavourable weather, traders said on Thursday. Farmers in the Central Highlands, Vietnam's coffee-growing capital, sold coffee at 34,000 dong ($1.47) per kg, slightly higher than the previous week's 33,000 dong to 33,400 dong range.

"The weather this week is not so favourable for the harvest. Cloudy weather and humidity impeded the drying process," said a trader based in Vietnam's coffee belt region of Central Highlands.

"Bean supplies are somewhat slow. At the same time, farmers held on to inventories on fears supply would fall short and as price now is only enough to cover the cost of production."

Another trader based in Ho Chi Minh City said trade had entered a historically dull time of the year as many foreign importers and banks were on holiday.

"Local market is also not very upbeat. Only those who expect prices to pick up are buying to reserve stocks in advance at the moment," he said.

March robusta coffee settled down $1, or 0.07%, at $1,378 per tonne on Wednesday.

Traders in Vietnam offered 5% black and broken grade 2 robusta at a premium of $100 to the March contract on Thursday, compared with last week's $95-$110 premiums.

Robusta beans in Indonesia's Lampung province were offered at a $230 premium to the March contract and a $270 premium to the April contract this week, both unchanged from a week earlier.

"Beans supply is limited after harvest ended, but some farmers were seen selling their stocks this week, although the volume was very little," one of the traders said.

Comments

Comments are closed.