25 Dec '16, 4pm

October Market Report: Prices Hit 21-Month High From Robusta Shortfall

“The market has been largely driven by the ongoing concerns over Robusta supply, as well as growing speculation over the size of the next 2017/18 Brazilian crop, as Arabica will be going into an off year in its biennial cycle,” the ICO said in its monthly report. “The Brazilian real has also been appreciating against the US dollar, reaching its strongest level for over a year, which has helped to support the market.”

Full article: http://dailycoffeenews.com/2016/11/10/october-market-repo...

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