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Robusta Coffee 10-T May '18 (RMK18)
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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 Mon, Dec 11th, 2023.
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 Surge on Dry Weather in Brazil

March arabica coffee (KCH24) today is up +6.60 (+3.73%), and Jan ICE robusta coffee (RMF24) is up +76 (+2.96%).

Coffee prices this morning are sharply higher, with robusta posting a 3-week high.  Dry weather in Brazil risks damaging coffee crops and is bullish for prices.  Somar Meteorologia reported today that Brazil's Minas Gerais region received 36.5 mm of rainfall in the past week, or 53% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.

In a bullish factor for robusta coffee, Vietnam's General Department of Customs reported today that Vietnam's Nov coffee exports rose +173% m/m but fell -7.4% y/y to 119,297 MT and that coffee exports in the first eleven months of this year (Jan-Nov) fell -10.4% y/y to 1.40 MMT.   Also, Vietnam's agriculture department on November 3 projected Vietnam's coffee production in the 2023/24 crop year could drop by -10% to 1.656 MMT, the smallest crop in four years, due to drought.

An increase i... Read more

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