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Coffee premiums narrow in Vietnam but rise in Indonesia
Coffee premiums narrow in Vietnam but rise in Indonesia
Coffee premiums in Vietnam narrowed as farmers held back stocks expecting a further jump in robusta prices, but were up in Indonesia on thin stocks and local demand, traders said on Thursday.
Premiums for Vietnamese robusta grade 2, 5 percent black and broken narrowed to $50-$60 a metric ton to the July ICE contract from $50-$70 a week ago.