Vietnam's coffee trade quiet amid holidays; rain hurts crop

Published Dec 26, 2024

Tridge summary

Vietnam's coffee trading activity was slow due to public holidays and heavy rains in the Central Highlands, the country's primary coffee-growing region. The rains have delayed the drying of freshly picked beans, affecting the harvest and potentially reducing bean quality. Farmers are selling beans at about 122,500 dong per kg, and traders are offering a discount of $100 to $150 from the ICE March contract. Indonesian markets were also closed for a public holiday.

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Original content

By Khanh Vu HANOI (Reuters) - Coffee trading activity in Vietnam remained quiet on Thursday amid public holidays, while the ongoing harvest in the country’s main coffee growing area was hampered by unusually heavy rains. Farmers in the Central Highlands, Vietnam’s biggest coffee-growing region, sold beans for about 122,500 dong ($4.82) per kg, compared with 122,500-124,000 dong a week ago. Traders said the rains in the Central Highlands were affecting the ongoing harvest as farmers were unable to dry the freshly picked beans. “There are still 20-30 percent of the beans left on the coffee plants but farmers are unable to harvest them,” another trader in the region said, ...

Source: NoticiasAgricolas