Coffee Futures Climb As Brazil Remains Dry, Typhoon Hits Vietnam – CoffeeTalk

Coffee futures for arabica and robusta varieties have surged following a deadly typhoon in Vietnam and potential dryness in Brazil. Robusta futures rose by almost 3% in London, while Arabica futures climbed up to 3.8% in New York. Typhoon Yagi brought rain and windy conditions to smaller arabica coffee areas in the northern part of Vietnam, likely causing cherries to drop from trees. Top arabica supplier Brazil is also facing adverse weather, with most producing areas remaining dry and temperatures potentially reaching record highs in some parts of the country. Dryness and heat are a major concern for arabica crops, as trees in Brazil are in their flowering period, which will determine the number of beans harvested next year. Concerns over Brazil and Vietnam and tightening global supplies have already pushed up futures of both coffee varieties this year.

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