Robusta futures rebounds while Arabica slips

Robusta Coffee futures moved higher on Thursday, with futures recouping from the prior session’s losses while arabica prices stumbled on resistance level which is pressured on news of  increased February coffee exports of Honduran by a 36%.

May robusta rose $10 or 0.47 percent to $2,159 per tonne.

May arabica fell 1.50 cents, or 1.04 percent, to $1.433 per lb.

According to traders  reports, Top producer Vietnam is forecast to export between 140,000 to 160,000 tonnes of robusta in March, said on Thursday ,

Also Read  Vietnam’s exports high in feb month

while Vietnam’s estimated February exports at 130,000 tonnes earlier this week, up 9.2 percent from a year ago, after a sharp drop the previous month.

Also read  Coffee market settles lower amid strong global exports
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Vietnam’s exports high in feb month

According reports released by Vietnam government on Tuesday, Vietnam - The worlds's largest Robusta producer has exported  an estimated 130,000 tons