"Vietnam is still encountering widespread rains at this time of the year, which is related to relatively normal seasonality, while this year is considered to be dramatically wetter in some parts, than usual, with the La Nina weather phenomenon that traditionally brings with it, a more active rain season. In this respect, the latest and according to weather forecasters, Typhoon Molave is anticipated to make landfall along the coastal regions of Vietnam today. The country has implemented evacuation processes ahead of landfall and the intensity of this weather system is anticipated to decrease in the coming days. There is a chance that the anticipated heavy rains as the system moves across the coffee growing areas could negatively impact infrastructure, though there is little to indicate that the current coffee crop that is nearing harvest will be greatly impacted. The strength of this latest storm as it moves ashore, will be closely monitored.
The December 2020 to January 2021 contract arbitrage between the New York and London markets narrowed yesterday: to register this at 45.67 usc/Lb. This equates to 42.70% price discount for the London Robusta coffee market.
The Certified Robusta coffee stocks held against the London exchange have been reported to increase by 125,000 bags over the weeks of trade leading up to Monday 26th. October, to see these stocks registered at 2.015,500 bags, on the day."....
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