Investment & Finance

Vietnam coffee prices steady

Reuters
Domestic robusta prices in Vietnam were steady this week on both thin supply and buying demand, with traders keeping close eyes on the weather and COVID-19 prevention policies ahead of the main harvest season next month. 

Illustrative photo.

Illustrative photo.

Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 39,400-41,800 dong ($1.73-$1.84) per kg, little changed from last week's 39,700-42,000 dong range.

Apart from weather condition, traders also are concerned that newly detected COVID-19 clusters in Dak Lak and neighbouring Gia Lai province may trigger travel restrictions and hinder cherry picking and trading activities amid new beans are due to come next month.

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