date:Jun 21, 2013
daily needs.
London September robusta plunged to a 32-month low last week, tracking New York arabica futures which slumped as funds sold in the face of ample supply from Brazil.
On Wednesday, September robusta followed New York arabica higher to settle up $32 at $1,795 a tonne.
Lower supplies from the two main robusta producers may stem the decline in London, blamed on Brazil. The Latin American state is the world's top coffee grower and mainly produces the aromatic arabica variety used by St