HANOI (Commodity Online) : Asia’s largest coffee exporter Vietnam said its coffee harvest this season was delayed due to Typhoon Mirinae.

According to Vietnam’s agriculture ministry, It may take another 10 days for the beans to arrive.Vietnam produced 16 million 60-kilogram bags in the 2008-09 crop year.



Coffee prices in Asia were steady in the week to Friday, with little new crop traded in Vietnam, analysts said.

People are paying close attention to any news about the quality of the new crop and the total output as they expect a 10 percent drop in output, analysts added.

Cash discounts for the new crop narrowed to around $50 a metric tone against the Euronext.liffe January contract, down from $80/tonne a week ago.

The benchmark January contract settled at $1,313/tonne Thursday, $32 lower from a week earlier.

Local prices were quoted around VND23,000/kilogram this week, from VND25,000/kilogram a week earlier.

The International Coffee Organisation said earlier this week the world's 2009-10 coffee production will likely fall below 128.1 million 60-kilogram bags achieved in 2008-09, due to adverse weather in Brazil and Vietnam. It didn't give a specific forecast.

In India, another major Asian producer, old crop robusta cherry AB beans traded at Rs 78/kilogram, down slightly from Rs 80/kilogram a week earlier, while arabica beans were quoted steady at 13 points over the ICE March futures contract.

The new crop is expected to come to the market in mid-December, traders said.

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