- For robusta, we have the opposite situation. Dry conditions in Brazil’s robusta growing region as well as a drought in top robusta producer Vietnam have dimmed crop prospects and caused a rapid rally in prices.
- On Thursday; however, robusta futures retreated, losing 0.37% to reach $2,145 per ton.
- The downside came following the release of data showing that robusta coffee bean exports from Indonesia’s top growing region Lampung climbed by 28% in March, year-over-year.
- The supply situation for robusta has become so tight that it is expected that it will take years for the market to recover.