In the fourth quarter of the year, Vietnam's Robusta Coffee supply will have a strong impact on global coffee prices.
In early October, when Vietnam started the 2023/2024 crop year, the market had high expectations for the new crop output in major coffee growing areas. However, information that heavy rain hit coffee harvest time has made investors worried about supply shortages in the market and causing Robusta prices to fluctuate.
In the last two months, the price movements of coffee and rubber have fluctuated strongly. Robusta coffee prices on the European Intercontinental Exchange (ICE-EU) fluctuate, with a large amplitude from 2,300 - 2,700 USD/ton.