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December arabica coffee fell 5.26% on 28 October to a new 15-month low, and robusta hit a 14-month low. Losses reflected demand worries from inflation, rate hikes and new Chinese Covid lockdowns.
Improved Brazilian crop weather and strong Vietnamese exports also weighed on prices, while a weaker Brazilian real encouraged exports.
Coffee price weakness is driven by demand and supply factors with no direct link to feed grain or meal markets. A weaker real can encourage Brazilian export selling of farm commodities.
barchart.comRich AsplundOct 28, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
