News

Rain in Vietnam's coffee producing belt delays harvest peak

Raw Common Coffee Bean
Vietnam
Sustainability & Environmental Impact
Market & Price Trends
Published Nov 17, 2023

Tridge summary

Heavy rains in key coffee-growing areas of Vietnam have disrupted the harvest and caused a delay in the release of the new crop, leading to an increase in coffee prices this week. Farmers in the central highlands, the country's largest coffee-growing area, are now selling beans at a higher price. Traders attribute the price increase to negative news about the weather affecting the harvest.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

By Phuong Nguyen and Mas Alina Arifin HANOI/BANDAR LAMPUNG (Reuters) - Coffee prices in Vietnam have risen this week as supplies of the new crop have not yet reached the market due to heavy rains that have disrupted the harvest in key growing areas, traders said on Thursday -fair. Farmers in the central highlands, Vietnam's largest coffee-growing area, were selling beans for 58,500-59,400 dong ($2.41-2.45) per kg, up from 57,200-58,600 dong last week. “Negative news about the weather in Vietnam contributed to the increase,” said a coffee belt trader. The trader offered the coffee at the same price as the January contract on the London Stock Exchange. Another trader in the same region quoted a discount range of 40 to 50 dollars per metric ton for ...
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