Indonesia seeks 25,000 tonnes of Vietnam coffee

by uusjio | December 6, 2007 at 06:24 pm
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"Indonesian companies are talking with Vietnamese exporters to buy 25,000 tonnes for early shipment as our stock is very low now," Litha Brent, vice chairman of the Association of Indonesian Coffee Exporters (AEKI), told Reuters.
A Vietnamese exporter, who was familiar with the price talks, said Indonesian buyers were in Ho Chi Minh City, looking mostly for robusta grade 1, discounts of which to London March contracts now stood at $100 to $110 a tonne.
"They would take shipment over a period of time, each with several containers," he said.
March contracts ended $27 up at $1,792 a tonne on Wednesday
in London.
Vietnam is the world's largest producer of robusta variety used for making instant coffee while Indonesia is its Asian rival in production of the beans.

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