(Bloomberg) -- Robusta coffee climbed in London on
concern demand for the bitter-tasting beans used to make espresso
and instant coffee will outpace supply.
Global coffee production may fall 9.2 percent to 120 million
60-kilogram (132-pound) bags in the next crop season ending
September 2008, commodity researcher F.O. Licht said in a report
last week. Vietnam, the world's biggest grower of robusta, has
exported almost all of its last harvest, while stockpiles in
European warehouses have fallen 12 percent this year, pushing
prices to a nine-year high of $1,945 a ton on June 22.
Read more at Bloomberg Commodities News
concern demand for the bitter-tasting beans used to make espresso
and instant coffee will outpace supply.
Global coffee production may fall 9.2 percent to 120 million
60-kilogram (132-pound) bags in the next crop season ending
September 2008, commodity researcher F.O. Licht said in a report
last week. Vietnam, the world's biggest grower of robusta, has
exported almost all of its last harvest, while stockpiles in
European warehouses have fallen 12 percent this year, pushing
prices to a nine-year high of $1,945 a ton on June 22.
Read more at Bloomberg Commodities News
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