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Barchart
Barchart
Rich Asplund

Hot and Dry Weather in Vietnam Boosts Robusta Coffee Prices

May arabica coffee (KCK25) Friday closed down -0.75 (-0.19%), and May ICE robusta coffee (RMK25) closed up +18 (+0.33%).

Coffee prices Friday settled mixed.  Friday's rally in the dollar index (DXY00) to a 2-week high undercut most commodity prices, including coffee.  However, robusta coffee moved higher on crop concerns in Vietnam after the Dak Lak weather office said Friday that Vietnam's main coffee-producing region, Central Highlands, is expected to get more hot weather and less rainfall for the March 21-31 period.  Vietnam is the world's largest producer of robusta coffee beans.

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