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Coffee prices in Vietnam have risen this week on growing demand for robusta beans as the arrival of new supplies in Indonesia is still a few months away and Vietnamese farmers were in no hurry to sell their coffee beans, the brarecorder.com quoted Thursday as saying. the speech of the merchants.
Farmers in the Central Highlands, Vietnam’s largest coffee-growing region, sold beans at 42,400 dong to 44,000 dong ($1.80-$1.87) per kilogram, up from 41,900 dong to 43,700 dong last week. “Some buyers from Indonesia turn to Vietnam for beans, while farmers sell here, but not in bulk,” says a trader in the coffee belt.
“Both the quality and the quantities of Vietnamese robusta beans are at a good level this crop year, so that growers can benefit from the recovery in global demand.”
May robusta futures on ICE were down $18, at $2,057 a ton from Wednesday’s close. Vietnam’s coffee exports totaled 142,544 tons in January, down 27.7% from the previous month, government customs data showed. Coffee export revenues for the same month were $310 million, down 27% from December last year brarecorder.com reported.
Strong and flavorful Vietnamese coffee converts as fast as it pulses. French settlers may have introduced coffee to Vietnam, but the morning cup of ca phe quickly became a local custom. With variations using yogurt, eggs and even fruit, Vietnamese coffee has developed a style all its own.
