Coffee Rallies With Robusta at a Record High on Shrinking Coffee Output in Vietnam
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Coffee prices have risen, with arabica coffee climbing to a 2-1/2 week high and robusta posting an all-time nearest futures high. Robusta coffee prices are soaring due to the Vietnam Coffee Association’s forecast that Vietnam’s 2023/24 coffee exports could drop by -20% y/y to 1.336 MMT due to dry weather. The strength of robusta prices […]