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Sugar Futures Rise Robusta Coffee Hits Record High, Lack Of Sales From Brazil Causes Surge

Robusta coffee futures have reached a record high due to limited supplies, with dealers reporting that Indonesia's No. 2 export crop has left buyers struggling to obtain beans and farmers selling out in Vietnam which is the world's largest robusta exporter.

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Sugar Futures Rise Robusta Coffee Hits Record High, Lack Of Sales From Brazil Causes Surge

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  1. Sugar Futures Rise; Robusta Coffee Hits Record High, Lack Of Sales From Sugar Futures Rise; Robusta Coffee Hits Record High, Lack Of Sales From Brazil Causes Surge Brazil Causes Surge Brazil, the world’s biggest sugar producer, has witnessed a surplus of sugar production in the current year. Sugar Data Sugar Data July raw sugar increased by 3.1% to 25.26 cents per pound, recovering from a 6-1/2 week low of 24.23 cents on the 6th of June 2023. The price of August white sugar increased by 2.3% to $684.30 per tonne. Monsoon rains arrived in India, the world's second-largest sugar producer, on Thursday, the latest arrival for the first time in seven years, potentially delaying sugar planting. According to dealers, the market is currently bearish, and traders are awaiting the bi-weekly output data from the world’s top producer Brazil's sugar industry group, UNICA. They expect the data to be released on the 10th or 12th of June and expect it to show bumper output. Coffee Data Coffee Data Robusta coffee futures have reached a record high due to limited supplies, with dealers reporting that Indonesia's No. 2 export crop has left buyers struggling to obtain beans and farmers selling out in Vietnam which is the world's largest robusta exporter.

  2. Due to high domestic demand, newly harvested robusta crops in Brazil are also limited. Dealers claimed that Brazil's robusta bean exports were being restricted by the country's high domestic demand. On June 8, Robusta coffee futures reached a record high, helped by limited supplies. After reaching a record high of $2,709 a tonne in September, robusta coffee increased 2.1% to $2,691 a tonne by 1433 GMT. Dealers reported that while farmers in Vietnam, the world's largest Exporter of robusta, are sold out, buyers are vying for beans in the No. 2 exporter Indonesia. The third-largest exporter of robusta in the world, Brazil, is anticipated to produce 5% less in 2023–2024, according to the US Department of Agriculture. At $1.88 per lb in September, the price of arabica coffee increased by 3.4%. If you are a sugar importer wishing to Buy Sugar In Bulk or a sugar exporter willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie is a Software as a Service platform that facilitates bulk agro-trade across the globe. Through Tradologie’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction-oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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