News

Hot and dry weather in Vietnam drives a new explosion in prices: Robusta reaches US$4,000 a ton in the US

Raw Common Coffee Bean
United States
Published Apr 17, 2024

Tridge summary

On Wednesday morning, the coffee market saw a notable price hike, with Robusta coffee hitting US$4102 per ton in London and Arabica coffee exceeding 230 cents/lbp in New York. This surge is primarily due to the adverse dry weather conditions in Vietnam, which have impacted the global coffee supply, and the looming concerns of potential cold weather in Brazil, though no immediate frost threats have been identified. The market's response underscores the growing apprehension about possible supply shortages stemming from these climatic challenges.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In a new explosion for prices, the coffee market opened this Wednesday morning (17) with intense appreciation in the London and New York terminals. In the early morning, Robusta reached the mark of US$4102 per ton, rising more than US$125 per ton in London. Arabica followed and is trading above 230 cents/lbp. At around 09:17 (Brasília time), July/24 had an increase of US$ 125 per ton, worth US$ 4102, September/24 had an appreciation of US$ 121 per ton, quoted at US$ 4017, November/24 had an appreciation of US$ 118 per ton, quoted at US$ 3912 and January/25 had an increase of US$ 105 per ton, worth US$ 3789. In New York, July/24 had an increase of 345 points, traded for 231.90 cents/lbp, September/24 had an appreciation of 315 points, quoted for 230 cents/lbp, December/24 had an appreciation of 335 points, worth 228, 85 cents/lbp and March/25 had an increase of 355 points, quoted at 228.35 cents/lbp. The very dry weather in Vietnam and concerns about the global supply of the ...
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