Coffee price plunges further

13 April 2000

Coffee price plunges further

COFFEE prices plunged to new lows in London on Wednesday (12 April) following a previous drop to seven year lows earlier this week.

The benchmark July Robusta contract closed down at $929/t on Wednesday.

According to the paper leaders of the Association of Coffee Producing Countries are to hold talks with Vietnam and Indonesia later this week to talk about APCs intention to hold back stocks from the market.

Indonesia and Vietnam are the biggest Robusta producers and are especially suffering by falling values.

Upcoming webinar

What does the future of farming look like post Covid-19 and Brexit?

Register now
See more