Reported about 1 year ago
Coffee futures in New York and London have been fluctuating due to persistent supply worries, leading to increased volatility. Robusta futures dropped in London as much as 2.7% before fluctuating, while Arabica futures fell in New York and then recovered. Dryness in Vietnam, a top exporter of robusta, is contributing to the heightened volatility and price swings. Speculative demand and weather conditions in Brazil are also impacting arabica coffee prices, with long positions by money managers potentially affecting short-term prices. Overall, the coffee market outlook remains cautious, with weather patterns playing a significant role in future price movements.
Source: YAHOO