Vietnam coffee prices up but slow demand limits sales

Coffee prices rose in Vietnam in line with higher world prices and after a 2% devaluation of the domestic currency against the dollar, but slow demand kept deals limited, traders said today.

Coffee prices rose in Vietnam in line with higher world prices and after a 2% devaluation of the domestic currency against the dollar, but slow demand kept deals limited, traders said today.

A kg of robusta beans rose to dong30,200 dong30,500 ($1.55 to $1.57) in the top coffee growing province of Daklak on Tuesday, from around dong30,000 a week ago, with domestic agents seen selling to exporters to take profit, traders said.

Tags: Vietnam Coffee, Vietnam coffee prices

Posted by VBN on Aug 26 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry