Robusta futures rise to 4 week high on Vietnam rains

Robusta Coffee futures on ICE raised to four week high as concerns over over the harvest after heavy rain in top-grower Vietnam.

According to dealers , Rain in Vietnam will slow down the harvest which in turn tighten the already squeezed supply.

“The more days it rains the more shipments get delayed so there is a time squeeze”

Vietnam coffee supply is low fallowed by strong exports after disappointing 2016-17 production.

November Robusta coffee settled up $20, or 1.4 percent, at $2,028 per tonne, after peaking at $2,035, a four-week high.