Higher demand from global buyers and lack of domestic supply pushed up prices in Vietnam this week, while supply in Indonesia is expected to dip as the harvest there draws to a close.
Farmers in the Central Highlands, Vietnam's largest coffee growing area, sold coffee at 35,000 dong ($1.51) per kg, slightly up from 34,600 dong a week earlier.
"Prices have bounced back in the past two weeks as demand remains high while stocks at farmers' warehouses have almost run out," a trader based in the province of Dak Lak said. "But I don't see any factors that can push the prices higher."
During the past two days, heavy rains have hit several parts of the Central Highlands and are expected to continue for the next few days, the National Meteorological and Hydrological Center said on Thursday.
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