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Re: TS Etau aiming for heart of Vietnam Robusta area now: first this season
TS Etau during early harvest season giving heavy rains earlier today to the heart of Vietnam Robusta coffee areas, which were already too wet, is very likely the reason for London coffee's solid rise today. NY, being Arabica based, not surprisingly didn't settle up nearly as much percentagewise though it ended stronger late. Keep in mind that Arabica prices are loosely tied to Robusta. I may have more to say on what I think may have caused that late rise shortly.