VIETNAM : Speculants still hold limitted domestic supply, wait price rebounds

HANOI, March 29, 2011 -  Some traders in Vietnam said taht they still hold the tight domestic supply even the price has dropped nearly 6 percent on  this week. They (speculants) still wait the price rebounds.

Most coffee farmers have sold out their stocks to export firms and buying agents, who are better financed and often hold back beans for speculation, as Vietnam has nearly ended the first half of its 2010/2011 coffee crop.

NY Coffee, Cocoa & Sugar market close review for today, March 29, 2011 ( little forecast for march 30, 2011 )

NEW YORK, March 29, 2011 - U.S. cocoa declined sharply on closing and hit   a two-month low on Tuesday.  It is the heaviest volume traded in seven week.  The price began to fall after toching the  key technical level and as rebels in top grower Ivory Coast appeared on track to reach a key export port there.

Arabica coffee also closed lower, on chart-based pressure after falling below its head-and-shoulders pattern, while raw sugar reversed to settle slightly lower.

RAW SUGAR

- May contract of raw sugar finished down 0.03 cent at 27.02 cents per lb.