date:Jun 21, 2013
arbucks Corp.
Robusta is either blended with arabica beans for lower-cost brewed coffee or processed into instant coffee.
Indonesian robustas are normally sold below or slightly above London futures during the March-June harvest, but premiums began to rise in April and jumped to $170 in June, their highest since mid-2012. Exporters had signed contracts to ship the beans at $20 above London.
'DEJA VU'
Indonesian exporters have cancelled contracts to ship up to 4,000 tonnes of coffee so far in