Tridge summary
Brazil's robusta coffee crop is recovering, with about 10-15% of fields harvested in Espirito Santo, the country's primary production state, according to the Cepea/Esalq research center. This comes as a relief to roasters as robusta futures on the ICE exchange have hit a 12-year high for the third consecutive day due to a shortage of beans in top producer Vietnam. However, recent heavy rains in Brazil have slowed down the harvest pace, despite dry conditions predicted for the next 6-10 days, which should speed up the harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
LONDON (Reuters) - The robusta coffee crop is recovering after a slow pace in the world's second-biggest producer, Brazil, according to the Cepea/Esalq research center, part of the University of Sao Paulo. About 10-15% of the fields have been harvested in Espirito Santo, Brazil's main producing state for the Robusta variety, the center said in a report this week, bringing good news to roasters. In Rodonia, the harvest of the bitter bean traditionally used to make instant coffee is almost 30% complete, he said. Robusta futures on the ICE exchange, a benchmark for the value of coffee around the world, hit 12-year highs for the third straight day on Wednesday as farmers in top producer Vietnam are almost out of stocks for sell. Operators struggling to supply beans to roasters have their hopes pinned on Brazil, although recent heavy ...
Source: Elperiodicodemexico
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