Latest news with #LIFFE
Business Recorder
4 days ago
- Business
- Business Recorder
Vietnam coffee prices edge up
HANOI: Domestic coffee prices in Vietnam on Thursday rose slightly from a week ago, with farmers there and in Indonesia hesitant to sell their beans as they wait for prices to rise further. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 95,700-96,200 dong ($3.66-$3.68) per kilogram, up from last week's 91,600-92,500 dong. 'Farmers refrain from selling as they want to hold their beans until prices are at least above 10,000 dong per kg,' a trader based in Dak Lak province said. Traders noted slow sales as many buyers bought beans from Indonesia and Brazil at more competitive prices. 'The harvest in Vietnam will begin from October so I don't think farmers can hold for much longer,' the trader said. The ongoing floods triggered by tropical storm Wipha are not affecting coffee farms, they added. 'No coffee farms are affected by floods and the rain is actually good for the farms as the coffee beans are in the growing stage,' another trader based in Dak Lak said. Robusta coffee last traded at $3,300 a metric ton. Traders offered 5% black and broken-grade 2 robusta with a $200-$400 premium to the September LIFFE contract, widening from $130-$160 last week. In Indonesia, where a harvest is underway, Sumatra robusta coffee beans for September/October contract were offered at a $160 premium, compared with last week's $150 premium for August-September contract. Another trader said the beans were offered at $150 premium for November contract.
Mint
10-07-2025
- Business
- Mint
Vietnam prices edge down further on thin trade, premiums flat in Indonesia
By Phuong Nguyen and Mas Alina Arifin HANOI, July 10 (Reuters) - Coffee prices in Vietnam edged down further this week on thin trading activity as the crop season comes to an end and the global beans stockpile recovers on the back of supply from Indonesia and Brazil, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 92,300-92,600 dong ($3.54-$3.55) per kg, down from last week's 94,700-95,200 dong. "Big roasters are buying cautiously amid tariff risks (from the U.S.), while exporters from Vietnam started to take profits and release more inventories," said a trader based in the coffee belt. "The fact that Indonesian and Brazilian beans are hitting the markets is another reason for decreasing prices." Another trader based in the region said it received sufficient rain recently and is likely to improve supply. Robusta coffee settled down $98, or 2.7%, at $3,470 a metric ton on Wednesday. Traders offered 5% black and broken-grade 2 robusta in the range of $120-$130 per ton premium to the September LIFFE contract. Vietnam exported 943,000 tons of coffee in the first half of this year, up 4.1% from the same period last year, government data showed. June exports stood at 119,000 tons, an annual increase of 53%. In Indonesia, Sumatra robusta coffee beans were offered at $240-$250 premium range to the August-September contract, unchanged from last week, one trader said. Another trader quoted beans at $200 premium to the September contract, also the same as last week.
Business Recorder
04-07-2025
- Business
- Business Recorder
Vietnam coffee prices flat on week, premiums fall in Indonesia
HANOI: Vietnam's domestic coffee prices were flat this week, as low stocks and rising supplies from other producers impacted trading activity, while premiums fell in Indonesia following global cues, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 94,700-95,200 dong ($3.62-$3.64) per kg, little changed from last week's 94,500-95,000 dong range. Rising supply of beans from Indonesia and Brazil were weighing on prices. The US administration on Wednesday said it closed a trade deal with Vietnam that includes a 20% tariff on goods coming to the United States. 'It is a relief for all exporters, although the US is not Vietnamese beans' main destination,' said a trader based in the coffee belt. LIFFE robusta coffee settled down $58, or 2%, at $3,602 per metric ton on Wednesday. Another trader based in the region said activities remained quiet as most market participants were taking cautious steps. Traders offered 5% black and broken-grade 2 robusta in the range of $70-$80 per ton premium to the September LIFFE contract. In Indonesia, Sumatra robusta coffee bean exports in May were 34,056.2 tons, up 137% on a monthly basis, data from the local trade office showed earlier this week.
Business Recorder
26-06-2025
- Business
- Business Recorder
Vietnam coffee prices down further
HANOI: Domestic coffee prices in Vietnam dropped below the 100,000 dong per kg milestone this week, pressured by a sharp decline in global prices and sluggish trading activity due to limited supplies, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 94,500-95,000 dong ($3.62-$3.64) per kg, down from last week's 103,000-103,500 dong range. LIFFE robusta coffee hit a fresh one-year low of $3,524 a metric ton as of Wednesday's close, down by 4%, according to data compiled by LSEG. 'There is no factor that can support the price at the moment,' said a trader based in the coffee belt. 'Some farmers haven't sold all of their stocks yet. Given the current prices, it is very unlikely that they will release the remaining beans.' The United States Department of Agriculture, in a report this week, projected that global production will grow by 4.3 million 60-kg bags from the previous season to a record 178.7 million bags, while consumption is estimated at a new peak of 169.4 million bags. Traders offered 5% black and broken-grade 2 robusta in the range of $140-$165 per-ton premium to the September LIFFE contract, compared with last week's $109-$129 premium range. In Indonesia, Sumatra Robusta coffee beans were offered at $330 premium this week to the September contract, compared with $235 premium last week as 'an adjustment to the sharp fall on London terminal,' one trader said.
Business Recorder
26-06-2025
- Business
- Business Recorder
Asia coffee: Prices fall further in Vietnam, premiums rise in Indonesia
HANOI: Domestic coffee prices in Vietnam dropped below the 100,000 dong per kg milestone this week, pressured by a sharp decline in global prices and sluggish trading activity due to limited supplies, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region, sold beans at 94,500-95,000 dong ($3.62-$3.64) per kg, down from last week's 103,000-103,500 dong range. LIFFE robusta coffee hit a fresh one-year low of $3,524 a metric ton as of Wednesday's close, down by 4%, according to data compiled by LSEG. 'There is no factor that can support the price at the moment,' said a trader based in the coffee belt. 'Some farmers haven't sold all of their stocks yet. Given the current prices, it is very unlikely that they will release the remaining beans.' The United States Department of Agriculture, in a report this week, projected that global production will grow by 4.3 million 60-kg bags from the previous season to a record 178.7 million bags, while consumption is estimated at a new peak of 169.4 million bags. Asia coffee: Domestic prices hit 1-year low in Vietnam on tepid trade, global cues Traders offered 5% black and broken-grade 2 robusta in the range of $140-$165 per-ton premium to the September LIFFE contract, compared with last week's $109-$129 premium range. In Indonesia, Sumatra Robusta coffee beans were offered at $330 premium this week to the September contract, compared with $235 premium last week as 'an adjustment to the sharp fall on London terminal,' one trader said.
