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Robusta Coffee 10-T Jul '24 (RMN24)

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Robusta Coffee 10-T Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Robusta Coffee 10-T prices and Robusta Coffee 10-T futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Tue, Apr 16th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Robusta Coffee 10-T Historical Prices page.

Robusta Coffee 10-T Futures Market News and Commentary

Coffee Prices Settle Higher on Global Crop Concerns

May arabica coffee (KCK24) on Tuesday closed up +5.20 (+2.25%), and May ICE robusta coffee (RMK24) closed up +31 (+0.78%).

Coffee prices on Tuesday closed moderately higher, with Arabica climbing to a 1-1/2 year high and robusta coffee posting a new all-time high.  Coffee crop concerns in Brazil and Vietnam are fueling fund buying of coffee futures.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 15.8 mm of rainfall in the past week, or 74% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.  Robusta coffee is surging to new record highs on fears that excessive dryness in Vietnam will limit the country's robusta coffee production.

Tight robusta coffee supplies from Vietnam, the world's largest producer of robusta coffee beans, are a major bullish factor.  On March 26, Vietnam's agriculture department projected that Vietnam's coffee production in the 2023/24 crop year could drop by -20% to 1.472 MMT, the... Read more

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