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Re: RC X 2019 : down target for the rest of 2019
Viets are 225 to 250 $ per ton OVER the London Terminal fob per metric ton ; the highest differential I EVER seen them. But remember importers still buy and hedge them- not to deliver to the exchange but to cash and carry over time.
Do't forget, this year is a deficit in arabica and a surplus in Robusta thanks to Brazil.