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Vietnam Coffee-Price at record high, discounts shrink
(Repeats to additional subscibers with no change to text)
* Discounts narrowed to $100-$120/tonne
* 2010/2011 coffee exports so far rise 5 pct y/y
(Recasts to add export prices, poll results, details)
By Ho Binh Minh
HANOI, March 1 (Reuters) - Robusta coffee in Vietnam edged up nearly 1 percent in the past week to a fresh all-time high, but failed to stir up trading on both export and domestic markets, traders said.
They said domestic market activities were slow, with only some exporters seeking to buy beans for loading, while farmers held back onto stocks as prices in Vietnam repeatedly surged to new record highs in recent weeks.
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* Oct 10-Feb 11 coffee loading up 5 pct y/y
* Jan loading revised up to 145,300 tonnes
* Around 4 mln bags are left for sales
(Adds details)
By Ho Binh Minh
HANOI, Feb 25 (Reuters) - Vietnam's February coffee exports rose around 16.9 percent from the same month in 2010 to 90,000 tonnes, or 1.5 million bags, in line with market expectations, and could offer some relief to tight markets.
The country's coffee shipments last month were revised up to 145,300 tonnes, or 2.42 million bags, an increase of 3 percent from January 2010, the General Statistics Office said on Friday. It had previously estimated January shipments to be 140,000 tonnes.
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VIETNAM COFFEE PRICES RISE TO NEW ALL-TIME HIGH OF 45 MLN DONG ($2,156) PER TONNE -TRADE
HANOI, Feb 22 (Reuters) - Vietnamese robusta coffee rose on Tuesday to between 44.5 million dong and 45 million dong ($2,132-$2,156) per tonne on the domestic market, hitting a new all-time high following gains in global market prices.
The latest prices in Vietnam, the world's largest producer of robusta beans, were up from 42.2 million dong a week ago, which was already a record, tracking prices on the London futures market hovering at a 2-1/2-year high, supported by arabica price surges. ($1=20,875 dong) (Reporting by Ho Binh Minh)
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* Coffee price not high enough to sell export grade stocks
* Prices to stay higher with no boost in supply
* Gov't steers clear of incentives to raise coffee output
(Adds analyst quote, pressure on roasters, background)
By Peter Murphy
BRASILIA, Feb 18 (Reuters) - Brazil, the world's biggest
coffee producer, is holding back its big bean stocks and hoping
for improved market conditions in a wager that world prices --
the highest in 14 years -- will keep on rising, its top coffee
official said on Friday.
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Vietnam Coffee-Prices at all-time high, farmers hold back sales
* Domestic prices at all-time high
* February actual loading may fall
* Farmers curb sales as they eye further prices rises
(Adds farmers holding back on sales, prices, details)
By Ho Binh Minh
HANOI, Feb 15 (Reuters) - Robusta prices in Vietnam's domestic coffee market jumped to a record of 41.3 million dong ($1,976) a tonne on Tuesday, tracking gains in London futures, prompting some farmers to hold back on sales, traders said.
The rising trend in recent months may slow coffee trade in Vietnam, the world's second-largest producer after Brazil, as more exporters and farmers may continue to wait for further gains.
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* Sumatran at $50 discount vs March, $70 vs May
* Vietnam beans at $150 discount vs May
* Robusta forecast at $2,350/T by end-2011- Poll
(Adds technicals)
By Lewa Pardomuan
SINGAPORE, Jan 28 (Reuters) - Fresh coffee beans from an early crop in Indonesia were offered at a small discount to London futures and snapped up by local roasters, while talk of delivery delays resurfaced in Vietnam ahead of a major holiday, dealers said on Friday.
Physical trading began to slow down in Vietnam ahead of Tet, the country's biggest festival, which marks the lunar new year. Beans from the recently concluded harvest saw a discount wider than $100, but there were hardly any offers. |
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