Arebica coffee prices on 20/11/2023 sharply increased after weaken rain forcast failed to meterialise in Brazil. Below normal rain to effect yield. Robusta coffee prices lower on increased supplies from Uganda, the global 4th largest robusta coffee producer. According to Uganda coffee Development Authority, October coffee exports from the country rose +3.4% y/y to 470,080 bags. Coffee (Arebica) inventories on last Thursday fell to 24 year low of 289,699 bags according to ICE data. Robusta coffee inventories as on 20/11/2023, at 3931 lots. Modestly above the lowest record of 3374 lots on August 31st. According to Vietnam Agricultural Department’s projection as on November 3, Vietnam’s. Coffee output for 2023/24 crop years, could drop by 10% to 1.656 MMT, the smallest crop in 4 years, due to unfavourable dry weather. Vietnam’s coffee exports for October 2023 fell by 14.2% month on month and 48.8% year-on-year to 43,725 MT and exports in the 1st 10 months of the year (Jan-Oct) fell by 10.7% year-on-year to 1.3 MMT according to Vietnams General Department of Customs data.