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Robusta Hits Highest Since 2008 and Arabica Rises Driven by Fund Purchases

  • Writer: Julhyana Veloso Nunes
    Julhyana Veloso Nunes
  • Apr 19, 2024
  • 1 min read

The coffee market demonstrated significant movements, with robusta coffee registering a $28 increase, or 0.7%, reaching $3,977 per ton. This increase was driven by tight supplies in Vietnam and concerns over dry weather, which threaten to reduce the next crop of the world's largest robusta producer. This scenario reflects the market's sensitivity to weather conditions and supply availability, key factors influencing coffee prices.


Meanwhile, arabica coffee recorded a 0.7% increase, reaching $2.2840 per pound. This increase was attributed to fund purchases, occurring amid a decline in ICE certified stocks. Financial market dynamics, especially fund investment activities, played a significant role in determining arabica coffee prices.


These movements highlight the interconnection between factors such as supply, demand, weather, and investor activity in coffee markets. Price volatility reflects the market's sensitivity to changes in production and demand conditions, underscoring the importance of closely monitoring these developments to understand trends and potential risks in the coffee market.


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