Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 12, 2013 13:45:38

Robusta grew to a five-month maximum

ColosseumIncrease at the highest price since Oct. 4 of last year saw the yesterday's trading session on NYSE LIFFE most active futures contract for Robusta coffee. This was primarily a response to reports of drought, which could reduce the production of that type of coffee in Vietnam, which is the world's largest producer of Robusta, widely used as a company Nestle SA in instant beverages. According to a statement Vietnam Coffee andamp; Cocoa Association (VICOFA) could Robusta coffee production in the 2013-2014 season fall by up to 30%. Already in 2012-2013 decreased harvest beans in Vietnam over the previous 1.5 million metric tons of 25%. Increase in the price of Robusta recorded also rumors of dwindling exports from Indonesia, due to higher domestic consumption.Robusta coffee futures strengthened in yesterday's trading session on NYSE LIFFE by 0.7%, the fourth consecutive year, the closing price of $ 2,197 per metric ton. During the day, reaching up to $ 2,198, the highest since October last year. After Robusta last year scored 6.3% overall, added since the beginning of this year, another 14%.

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Robusta posílila na pětiměsíční maximum

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