Coffee Prices Hit 1-Month High Due To Dry Weather In Brazil, Vietnam | CNBC TV18

[Music] welcome back as promised let's now talk about the commodity markets and figure out what the headlines there are looking like Manisha is joining in and today she is joining us to talk about coffee that's a great topic Manisha I hope you're going to tell us that prices are going down well I'm not actually when you look at the last 24 hours we're looking at most of the soft commodity prices gaining so whether it's about cocoa sugar or coffee we have seen commodity prices gain up in the international markets I want to talk about coffee though because we've seen uh the best performance really come in from here we've seen 5% of gains overnight and the coffee prices are trading at a one month highs right now there are concerns on the dry weather in Brazil and Vietnam couple of major producers and that has been supporting the prices especially when it comes to Vietnam the 2024 25 crop is anticipated much lower at around 24 million bags which is a 13-year low onto that one also the global Robusta deficit has just about continuing for the fourth year in 2024 25 as well last year was a 9 million bags of a deficit this time around as well it's a deficit though slightly lower than last year but as I said it's a fourth year of deficit at around 4.6 million bags there as well for the Indian markets also we are looking at higher coffee prices well actually when you look at the Robusta prices in India they hit an all-time high on 29th of April at 225 rupees a kg and we are holding around between this range as well the farmers uh while of course are getting alltime high prices but the crop situation is not so great there has been no rain really in the month of May for many of the coffee growing areas so we're looking at lower crop uh lower yield as well so the higher price is really not compensating for that okay thank you very much for that bad set of news for coffee lovers like me and Su thank you for that let's get into a break on the other side we'll be joined by the management of Rashi peripherals to discuss their Q4 earning stay tuned [Music]

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