Vietnam’s Coffee Discount Doubles After Advance in Futures Price
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Buyers of coffee from Vietnam, the biggest grower of the robusta variety used in instant drinks, are getting a bigger discount for their beans as futures rallied and domestic prices gained, according to Volcafe Ltd.
Vietnamese beans for shipment in March and April were last week at a discount of $40 a metric ton to the futures traded on NYSE Liffe in London, the coffee unit of commodities trader ED&F Man Holdings Ltd. said in a report e-mailed Feb. 21. That compares with a discount of $20 a ton a week earlier. Robusta futures traded in London jumped 8.3 percent last week.