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Monday, January 25, 1999
Vietnam coffee offers slow down
REUTERS
Singapore: The weakness in the global coffee market has forced Vietnamese suppliers to lower their offers but buyers are waiting for even better bargains, traders in Singapore said."In terms of differentials (to London levels), the change is not much. But offers have dropped by some $100 and could drop even more," a trader at a western trading firm said. Offers for Vietnam's robusta grade 2, five per cent black and broken were offered at around $1,500 a tonne, down from around $1,600 late last week. "I heard some small deals were done at around $1,470 on Wednesday," another trader said. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.

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