AGL 41.25 Decreased By ▼ -0.25 (-0.6%)
AIRLINK 127.49 Decreased By ▼ -0.51 (-0.4%)
BOP 6.48 Increased By ▲ 0.22 (3.51%)
CNERGY 4.16 Increased By ▲ 0.03 (0.73%)
DCL 8.48 Increased By ▲ 0.04 (0.47%)
DFML 40.81 Increased By ▲ 0.12 (0.29%)
DGKC 87.00 Decreased By ▼ -0.90 (-1.02%)
FCCL 33.90 Decreased By ▼ -0.20 (-0.59%)
FFBL 66.00 Decreased By ▼ -0.33 (-0.5%)
FFL 10.45 Decreased By ▼ -0.11 (-1.04%)
HUBC 109.50 Increased By ▲ 0.80 (0.74%)
HUMNL 14.95 Increased By ▲ 0.49 (3.39%)
KEL 4.84 Increased By ▲ 0.19 (4.09%)
KOSM 7.61 Increased By ▲ 0.28 (3.82%)
MLCF 41.89 Decreased By ▼ -0.83 (-1.94%)
NBP 61.80 Increased By ▲ 0.96 (1.58%)
OGDC 179.31 Increased By ▲ 0.34 (0.19%)
PAEL 25.91 Increased By ▲ 0.21 (0.82%)
PIBTL 6.25 Increased By ▲ 0.19 (3.14%)
PPL 146.97 Increased By ▲ 0.82 (0.56%)
PRL 24.68 Decreased By ▼ -0.23 (-0.92%)
PTC 16.23 Increased By ▲ 0.09 (0.56%)
SEARL 69.70 Decreased By ▼ -0.50 (-0.71%)
TELE 7.36 Increased By ▲ 0.14 (1.94%)
TOMCL 36.60 Increased By ▲ 0.40 (1.1%)
TPLP 7.86 Increased By ▲ 0.02 (0.26%)
TREET 15.56 Decreased By ▼ -0.03 (-0.19%)
TRG 51.83 Increased By ▲ 1.47 (2.92%)
UNITY 27.01 Increased By ▲ 0.11 (0.41%)
WTL 1.25 Increased By ▲ 0.01 (0.81%)
BR100 9,835 Increased By 40.1 (0.41%)
BR30 29,868 Increased By 221 (0.75%)
KSE100 92,362 Increased By 340.1 (0.37%)
KSE30 28,723 Increased By 58 (0.2%)

The continuing harvest kept coffee bean supply steady in Vietnam, the world's second biggest producer, while trading in Indonesia remained subdued on low stockpiles, traders said on Thursday. Vietnamese farmers have been ramping up their harvest of coffee beans in the Central Highlands, the country's coffee belt. Traders said the weather had been supportive.
Farmers in Daklak, Vietnam's main coffee growing province, were offering coffee beans at a price range of 37,100-37,700 dong ($1.63-$1.66) per kg, widening from a range of 37,300-37,500 dong a week earlier, traders said. Vietnam's 5 percent black and broken grade 2 robusta was traded at a discount of $50-$65 per tonne to the ICE March futures contract, expanding from a $40 discount a week earlier, traders said. Falling London prices kept farmers from releasing too many beans into the market but supply was still enough for buyers, said Phan Hung Anh, a deputy director of Anh Minh Co based in Daklak, adding demand had been quite good.
But another trader based in Ho Chi Minh City said demand from roasters, the main buyers of the more bitter robusta beans, were not as high as usual at this time of year when buyers boost purchases before the Christmas holiday. January robusta coffee slid as low as $1,699 a tonne this week, the weakest for the second position since June 2016, on expectations of a large crop in Vietnam and an improving outlook for next year's Brazilian crop. Coffee exports from Vietnam this month are expected to reach 85,000 tonnes, down 26 percent from the same time last year but up from October's 79,000 tonnes. January-November exports of the bean fell an estimated 22.4 percent annually to 1.27 million tonnes, the government said.
In Indonesia, the grade 4 defect 80 robusta beans traded at a premium of $80-$90 a tonne to the January contract, expanding from a $50 premium a week earlier, a trader said. Premiums in Lampung were set higher to balance a big drop in London prices, although trade activity was still thin due to depleted stock, a trader said.

Comments

Comments are closed.