Coffee prices jump 4% as production outlook deteriorates

Quick Summary:

Robusta coffee, which used to be a cheaper variety used in blends for popular supermarket brands, posted a 5% price increase in London on Tuesday to $4,383 per metric ton.

Robusta is up 44% this year, after gaining 63% in 2023.

Brazil production problems follow difficulties seen in Asia, where robusta production suffered with adverse climate conditions.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaBangladeshBrazilJapan

Topics: Stonex Coffee Brazil Cocoa Ice exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 09:49:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 754 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21965623

View Article Analysis

About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

Publisher Details

Frequently Asked Questions