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India to buy 7,000 tonnes of coffee for Dec-Jan

India to buy 7,000 tonnes of coffee for Dec-Jan
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First Published: Thu, Dec 06 2007. 12 20 PM IST
Updated: Thu, Dec 06 2007. 12 20 PM IST
By Reuters
Ho Chi Minh City: Indian buyers are seeking about 7,000 tonnes of low-grade robusta coffee from Vietnam and Indonesia for December and January shipment, regional traders said on 6 December.
“They are a bit short of coffee in December and January, we have already seen some interest coming in for Indonesian and Vietnamese coffee,” a trader said on the sidelines of an industry seminar.
“At least 7,000 tonnes, its mainly low-grade robusta for the soluble industry.” He said Indonesia is likely to clinch deals as coffee from Vietnam was overpriced. “Vietnam is right now a bit expensive so no deal has taken place.”
Another dealer said some business had already taken place but could not confirm the quantities. “We have seen some business taking place from Indonesia.”
India, which produces both arabica and robusta varieties of coffee, exports almost 70 % of its annual output of around 300,000 tonnes.
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First Published: Thu, Dec 06 2007. 12 20 PM IST
More Topics: India | Coffee | Export | Money Matters | Commodities |