Robusta coffee prices rise on Vietnam harvest delays
6 days, 19 hours ago

Robusta coffee prices rise on Vietnam harvest delays

Live Mint  

LONDON, Jan 2 - Robusta coffee futures on ICE rose on Thursday as rains continued to delay the Vietnam harvest and heighten quality concerns. COFFEE * Robusta coffee gained 1.7% to $4,957 a metric ton by 1200 GMT, driven by the rain-hampered harvest in top producer Vietnam. * "The continuous rainy weather also affects bean quality as they cannot be dried and stored properly," said a trader based in Vietnam's coffee belt, adding that 20% of beans remained unpicked. * No rain fell last week in most of Ivory Coast's main cocoa regions and farmers said on Monday that the dry weather could damage bean quality and tighten supply from February.

History of this topic

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