Skip to content
Subscriber Only

Vietnam Coffee Price Fell to 2-Week Low as Season Started

Coffee prices in Vietnam, the largest producer of the robusta variety used in instant drinks and espresso, fell to the lowest level in more than two weeks on stockpile sales with the start of the new season.

Vietnamese coffee slid to 41,200 dong ($1.98) a kilogram (2.2 pounds) yesterday, the lowest price since Sept. 20, data from the Dak Lak Trade & Tourism Center showed. The price rose to 41,300 dong today. Vietnam’s 2012-13 coffee season started this month and output is forecast to fall 1 million bags to 26 million bags, according to Volcafe, the coffee unit of commodities trader ED&F Man Holdings Ltd.