Coffee trees need rain to flower and flourish, as the buds become coffee beans before the harvest. Every growing season, farmers hope and pray that rains arrive with the right force and timing to help their plantations yield a good crop.
Coffee growers in the central Vietnamese highlands are receiving abundant rainfall, which is helping boost the projected crop yields.
"We've had more rains for a few days now and that's helped the crop a lot as trees are in need of water," Nguyen Xuan Thai, the director of Thang Loi Coffee Co., told Bloomberg News in a telephone interview today.
The central province of Dak Lak, which dominates Vietnam's coffee industry, received almost twice as much rain in September as it did in August. The country produces primarily robusta coffee beans – it's the world leading producer of that variety, while it's second overall behind Brazil.
Robusta coffee futures lost $6.00 to $1,621 per metric ton of beans in Thursday trading, while IntercontinentalExchange arabica "C" coffee futures dropped 0.45 percent to 176.5 cents per pound.
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