ASIA COFFEE-Vietnam prices rise on high demand, low supplies

February 24, 2024

HANOI/BANDAR LAMPUNG -- Vietnam coffee prices rose this week on higher exporter demand after the Lunar New Year, but some farmers are still holding on to beans in hope for higher prices, traders said on Thursday. "Demand is high as exporters need beans to fulfil their contracts but beans are too expensive and hard to buy," said a trader based in the coffee belt. Premiums for Sumatran robusta beans in Indonesia's Lampung jumped from last week, traders said, as demand rose while farmers are still waiting for coffee cherry harvests. One trader offered $720 premium to the April contract, up from $550 on March contract last week. Another trader offered $640 premium to the May contract, up from $600 premium last week, noting that demand was strong this week.

The source of this news is from Tuoi Tre News

Featured Jobs