Coffee Prices Rise vietnam production estimated Down

coffee prices october 29 2015 - Coffee Prices Rise vietnam production estimated Down : In addition to the uncertainty of the level of production and supply, as the coffee trader we must be aware of the weather conditions this year. This is a key factor for the coffee market, but with El Nino weather pattern which is very severe this year affects the coffee crop farmers, Weather El Niño currently causing dry conditions in Vietnam and Indonesia, as well as in South America, which can harm plants and cause a reduction in the supply of coffee.

in today's trading Thursday, October 29, 2015, coffee prices seen heading towards improvement, helped by a rise in the exchange rate of the Brazilian currency against the US dollar, which in today's trading increased by 1.5% ..


Arabica coffee prices onnew York for December delivery rose 1.0% to 120.30 cents per pound. while on the London futures market price of robusta coffee contracts in January was the most actively traded contract rose For $ 28 or 1.8% closed at $ 1,605 per ton.


Robusta coffee price increases after the fundamentals of Vicofa (coffee and cocoa association Vietnam) predicted for the 2016-2016 season will be a decline in production by 10%, which begins this month. according Vicofa Elnio decline is due to weather, low prices, high fertilizer prices ..

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