World: Coffee market starts the week on the rise with uncertainties about production for 2025

게시됨 2024년 10월 28일

Tridge 요약

The coffee market experienced significant increases on Monday due to uncertainties about the 2025 production season, driven by weather conditions in producing countries and limited stocks. The market is closely monitoring the impact of tropical storm Trami on Vietnam, the world's largest robusta coffee producer, and the final phase of the arabica harvest in Colombia. As a result, coffee contracts on international exchanges rose by over 2%. The arabica contract for December/24 and the robusta contract for November/24 both saw increases of over 500 points and $75, respectively.
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원본 콘텐츠

The coffee market began this Monday (28) with significant increases due to uncertainties about production for the 2025 season. Volatility continues to be driven by the weather situation in producing countries and limited stocks, which have pressured prices on the New York and London stock exchanges. As reported by Bloomberg, tropical storm Trami brought heavy rains to the main coffee-producing region of Vietnam over the weekend. The country, which is the world's largest producer of robusta coffee, recently began harvesting, and the adverse weather conditions raise concerns about the impact on production. The Vietnam Coffee Association projected a crop of 27 million bags for 2024-25, while the US Department of Agriculture estimates 28 million bags for the same period. The market is also following the final phase of the arabica harvest in Colombia and the start of operations in Mexico. In this context of climate and production uncertainties, coffee contracts on international ...

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