Vietnam Coffee Premium Seen by Volcafe Rising 23% on Thin Trade
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Buyers of coffee from Vietnam, the world’s largest producer of the robusta variety used in instant drinks, are paying a higher premium for their beans amid thin trading and low availability, according to Volcafe Ltd.
Vietnamese beans for shipment in November and December were last week at a premium of $160 a metric ton to the price on the NYSE Liffe exchange in London, the Winterthur, Switzerland-based coffee unit of commodities trader ED&F Man Holdings Ltd. said in a report e-mailed on Sept. 27. That’s up from $130 a ton in the previous 7-day period.