Trami storm does not affect Vietnam's coffee crop, traders say

Published 2024년 10월 31일

Tridge summary

Tropical Storm Trami did not damage Vietnam's coffee fields, as heavy rains only affected harvesting activities. Farmers have harvested about 5% of the crop, and traders are closely monitoring the weather. Prices are expected to adjust based on the weather conditions, especially with expected rain in the next three months. Coffee trading activity is anticipated to peak in late November. Meanwhile, Sumatran robusta beans are being offered at a higher premium to the December contract.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Phuong Nguyen and Mas Alina Arafin HANOI/BANDAR LAMPUNG, INDONESIA (Reuters) - Vietnam’s coffee fields were not affected by Tropical Storm Trami, which briefly hit the country’s central region, although heavy rains were reported in the country’s growing region, traders said on Thursday. Storm Trami hit Vietnam on Sunday, bringing rain to the Central Highlands for two days, but traders said it had not damaged the crop. “There was concern that the rains could disrupt harvesting activities, but farmers have only just harvested about 5 percent of the crop so the impact is small,” a trader in the coffee belt said. “We still have to monitor the weather closely until Christmas,” the trader said, adding that the past two days had been sunny. Farmers in the Central Highlands, Vietnam’s largest coffee-growing region, sold beans for 108,200-108,600 dong ($4.28-4.30), down slightly from 109,000-110,000 dong last week. Traders offered robusta coffee at a discount of $10-30 per tonne to the ...

Source: NoticiasAgricolas