Trade lacklustre ahead of fresh crop arrival

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asked Feb 11 by EtsukoBelbin (1,600 points)
By Ho Binh Minh

HANOI (Reuters) - Trading in Vietnamese coffee was lacklustre this week as buyers waited on the sidelines ahead of the arrival of the country's new crop, which is expected to begin in about two months, traders said on Tuesday.

Harvesting of the central highland vietnam tour 2016/2017 crop in central highland vietnam tour, the world's largest robusta producer, will start late October in the central highland vietnam tour Highlands, with fresh beans expected to load early November.

Robusta prices in Daklak, central highland vietnam tour's top growing province, eased to 38,400-38,800 dong ($1.72-$1.74) per kg on Tuesday, from 38,500-38,900 last Tuesday.

"There've been some transactions, but overall the market is still quiet," a trader at a foreign firm in Ho Chi Minh City said, adding Vietnamese robustas grade 2, 5 percent black and broken beans were traded at a discount of $20 a ton to the ICE November contract.

The ICE November robusta contract ended 1.2 percent higher at $1,819 a ton on Monday, but has dropped 0.66 percent in the week ended Aug. 29.

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