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Robusta coffee hits to 1-1/2 month high

 January robusta coffee ended stable at $1,918 per tonne, having hit the highest price in 6 weeks earlier at $1,935.

Coffee output in top robusta producer Vietnam is expected to drop by a fifth in the current crop year as extended rains and lower levels of nutrition have hit the quality of beans, traders said.

For the first 11 months of 2022, Vietnam exported 1.58 million tonnes of coffee, up 12.9% from a year earlier, Vietnam Customs said.

March arabica coffee settled down 1.5 cents, or 0.9%, at $1.587 per lb.

Arabica had been boosted of late by some concerns over the flowering of the coffee crop in Brazil and by sporadic hailstorms, but analysts say overall, the weather in November was favourable.

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