Coffee Prices in Vietnam Coffee Belt Fall on Rich Supply

10:00:04 AM | 17/11/2009

Prices of coffee in Vietnam’s coffee belt, the central highlands province of Dak Lak on rich supply.

Prices of coffee at the domestic market to VND22,700/kg from VND24,000 several weeks earlier.

Local traders said U.S. dollar appreciation against Vietnamese dong encouraged coffee speculators to sell more coffee.

On the world market, coffee prices dropped by $95/ton from a day earlier to $1,320/ton on Nov 12.

Vietnamese coffee growers Nov 3 resumed harvesting after a short break last week due to tropical storm Mirinae. (Labor)

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