Hanoi, March 3 - Vietnamese coffee beans have risen to a new record of 40,100 dong ($2.5) per kg on Monday, breaking its previous life high in 1995, after funds poured more money into soft commodities in London last week.
Vietnamese beans edged up from their 1995 record of 40,000 dong per kg after the benchmark May contract on the London futures market closed $12 up at $2,735 a tonne last Friday. The contract earlier hit $2,813, the highest level for the second month since July 1995.
Supply of robusta beans has been tight as Vietnam, the world's top producer of the variety, was holding back its stock after ending the harvest in January while Indonesia, its regional rival producer, is expected to start the main harvest next month. ($1=16,046 dong)