Asia Coffee-Differentials stuck in range; flowers bloom early in Sumatra
* Sumatran beans little changed at $30 to $40/T premiums
* Vietnam robustas at $50 below futures, no deals
* Early flowering in Sumatra due to erratic rains
By Lewa Pardomuan
SINGAPORE, Aug 14 (Reuters) - Asia's physical coffee market was barely alive this week after recent falls in London futures prompted roasters to wait for bargains and sellers to hold back their beans, keeping differentials in a tight range, dealers said on Thursday.
Benchmark London futures slipped around 7 percent to below $2,000 a tonne as speculators booked profits after sending prices to their highest in three months in early August on concerns over the Brazilian crop.
Indonesia's Sumatran grade 4, 80 defect robusta beans were quoted at $30 to $40 a tonne above London futures, within sight of last week's range of $20 to $30 premiums, with no reports of deals. Robustas in rival Vietnam were quoted below London futures.
"Buyers have no intention of buying Indonesian beans at the current price. The premiums have refused to come down," said a dealer in Indonesia's main growing island of Sumatra.
"I don't think local roasters such as Kapal Api and Mayora are chasing beans either." Continuación...