Robusta coffee prices ease; focus on Vietnam harvest

Robusta coffee futures eased on Wednesday as the focus remained on whether recent storms and flooding in top producer Vietnam have dented the harvest outlook.

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COFFEE: Robusta coffee settled down $36, or 0.8%, at $4,315 a metric ton.

Dealers said storms had delayed the harvest in Vietnam and led to cherries falling from trees. Some maintained that the harvest outlook remained favorable although others saw the storms reducing production by around 5% to 10%.

Arabica coffee fell 0.3% to $3.7245 per pound (Ib).

Shipments from Brazil to the US have been slow to pick up despite the removal of tariffs although volumes should start to increase early next year.