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Trade in Vietnam's coffee market ground to a halt due to a prolonged lack of robusta beans, while prices in Indonesia rose this week as supplies were limited and London terminal prices were down, traders said on Thursday.
Vietnam's coffee export market continued on a sluggish note this week due to limited beans supplies, while prices remained high in Indonesia as buyers were fighting for beans, traders said on Thursday.
Coffee prices in Vietnam continued to rise this week, tracking gains in London robusta futures on supply concerns, while traders were scrambling to buy beans in Indonesia as those from the current harvest were limited.
T rade in Vietnam's coffee market was hit by a beans shortage as farmers had almost no beans left to offer, traders said on Thursday, while Indonesian farmers refrained from selling hoping the prices could rise in the near future.
China's demand for Australian coking coal for steelmaking remains lacklustre even after Beijing removed import restrictions, as supplies from local mines, Mongolia and Russia are cheaper, traders say.