Natural disasters affecting the growing regions in Vietnam cause coffee prices to increase by an additional 0.6%

Vietnam exports frozen seafood, coffee, pepper, cashews, and textiles to Morocco. In the photo: Coffee harvest by household of Dang Thi Lien, IaYok commune, IaGrai district, Gia Lai province. (Photo: Vu Sinh/TTXVN) The global commodity market was relatively calm on the day the US market was closed for Thanksgiving. Despite low liquidity, some commodities such as Robusta coffee and Brent oil still recorded positive buying power. At the close, the MXV-Index increased slightly by 0.04% to 2,326 points. At the close of yesterday's trading session, the industrial commodity market saw 4 out of 9 commodities temporarily halt trading due to the US entering the Thanksgiving holiday. However, the heat from the supply side continued to push the price of Robusta coffee up by nearly 0.6% to 4,539 USD/ton. According to MXV, the weather in Vietnam continued to be a significant support for the rising price of Robusta coffee as historic floods in the Central Highlands caused severe damage to ...