Vietnam: Coffee market on November 29, current price fever is believed to be due to China's increased purchasing

In the world market, the price of robusta coffee futures for January 2025 on the London exchange increased by 0.6% to $5,565/ton, after reaching a more than two-month high of $5,613/ton in early trading. Highlights: - The New York floor was closed for the US Thanksgiving holiday. However, the previous strong increase - marking 7 consecutive sessions of increase in arabica prices, reaching the highest level in nearly half a century, has boosted robusta prices. - Rabobank analyst Carlos Mera commented that, in addition to geopolitical factors, the factors driving this price increase are quite complicated, including concerns about Brazil's output in the 2025/26 crop season, along with challenges in transportation and logistics. - Although prices are at very high levels and have increased sharply compared to the same period in many years, coffee prices have continued to increase. Currently, the prices of robusta and arabica coffee are very high compared to the average of many ...