Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

MYSTERIOUS: Coffee prices post moderate gains on crop concerns in brazil and vietnam - What They Never Told You

July arabica coffee (KCN24) on Friday closed up +2.60 (+1.21%), and July ICE robusta coffee (RMN24) closed up +73 (+1.91%).

Coffee prices on Friday settled moderately higher but remained below Thursday's 3-week highs.   Concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production underpin prices.  On Wednesday, coffee trader Volcafe said Vietnam's 2024/25 robusta coffee crop may only be 24 million bags, the lowest in 13 years, as poor rainfall in Vietnam has caused "irreversible damage" to coffee blossoms.  Volcafe also projects a global robusta deficit of 4.6 million bags in 2024/25, a smaller deficit than the 9-million-bag deficit seen in 2023/24 but the fourth consecutive year of robusta bean deficits.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.