Influenced by global factors, coffee prices in Vietnam rebounded and Robusta supply was tight.

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Coffee prices in Vietnam rose slightly on Thursday (Feb. 25) due to rising global coffee prices and limited supply, according to Reuters. At the same time, local farmers are reluctant to sell coffee beans, so the Robusta market expects prices to rise further.

Farmers in the central highlands of Vietnam's main coffee-growing areas sell coffee at 32300 dong (US $1.40) per kilogram, up from 31200 to 31700 dong (US $1.35 to US $1.39) per kilogram before the Spring Festival.

Robusta coffee was priced at $1463 a tonne on Wednesday, the highest level in a year, according to the local coffee traders' association. "as global coffee prices soar, Vietnamese coffee prices will continue to rise slightly this week," said one trader. Farmers no longer face the pressure to sell coffee beans at low prices for the Spring Festival, and they now hope that prices can rise further before selling, so the supply is very tight. " Local farmers have sold 2020 gamble 21 new season Vietnamese Robusta coffee 40% MUE 50%.

Vietnamese traders offer a 5% premium to the May futures contract of $90 to $100 over the black and broken level 2 Robsta, unchanged from the week before the holiday. Vietnam exported 160615 tons of coffee in January, up 10.2% from a year earlier, according to Vietnamese customs data.

In Indonesia's Lambang province, a trader offered a premium of $220 over the April futures contract, down from $270-$280 last week, according to a local trader. At the same time, he said: "the premium has been reduced since the rise in benchmark prices in London. Even so, it is difficult to export because inventories are too low. "

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