AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

Coffee prices in Vietnam edged up this week in line with a gain in futures contracts but remain below growers' expectations, while foreign buying demand has yet to pick up, traders said. That has left a large gap between bids and offers, with few beans changing hands. ICE November robusta contract settled up $35, or 2.3 percent at $1,587 per tonne, after matching the prior session's near-two-year low at $1,544.
In Vietnam, the world's top robusta producer, the bitter beans rose to 35,000-35,800 dong ($1.56-$1.59) per kg in top growing province of Daklak, from 34,800-35,400 dong at the weekend, following the gains in London. The 34,800 dong per kg price was the lowest since July 29. "Trading is stuck," a Vietnamese exporter based in Daklak said. "Farmers should release some stocks now in preparations for the next harvest," he said, adding that selling old-crop beans now will also help boost the export quality.
Based on the domestic prices, exporters were seeking to sell Vietnamese robusta beans grade 2, 5 percent black and broken at premiums of $75-$90 a tonne to the November contract, up from premiums of $60-$80 a tonne last week. That placed the beans at $1,662-$1,677 a tonne, on a free-on-board Saigon basis. But bids were at discounts of $20-$30 a tonne, leaving no deals sealed in recent days, traders said.

Copyright Reuters, 2015

Comments

Comments are closed.