ASIA COFFEE-Prices drop in Vietnam on global cues, higher supplies from rivals
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Domestic coffee prices in Vietnam have dropped due to a decline in the London terminal and increased supplies from rival producers. Farmers in the Central Highlands sold beans at 121,700-122,300 dong per kg, down from 124,500-125,200 dong. The price of LIFFE Robusta coffee fell 3% to $4,566 a ton, the lowest in six months. Higher freight costs and competitive pricing from other markets have led to reduced trading activity. Weather conditions remain favorable for coffee production.
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