date:Jun 21, 2013
Global food producers such as Nestle SA will have to pay more for the robusta coffee beans used in biscuits and drinks as a supply crunch sends premiums to multi-month highs in Asia, forcing some exporters to cancel shipments.
Farmers in Vietnam, the world's No. 1 producer of robusta, are holding back their coffee, frustrated by persistently low London futures prices. In No. 2 producer Indonesia, unusually wet weather during the harvesting season has made it tough for growers to dry beans.
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