Dry weather conditions in Kenya have reduced the quality and quantity of the tea crop harvested in the first flush, pushing up prices by 10% month on month. Strong demand from Yemen and Sudan has kept prices buoyant.
Increased demand for copper from China, which accounts for 40% of global consumption, has pushed up prices from last month. Supply forecasts, which suggest a deficit of 13,000 tonnes, are also putting upward pressure on prices.
Brazilian arabica coffee prices are down a tenth on last month and a fifth year on year as a result of rainfall in key growing areas. The weakening of the Brazilian real has reduced costs for importing countries and has caused global coffee prices to fall.