date:Jul 19, 2013
Premiums for Indonesian robusta fell to their weakest level since April on Thursday after farmers increased deliveries to raise cash ahead of a Muslim festival, spurring buying by local roasters.
The fall in premiums to $80-$100 a tonne, down from $200 last week, may also prompt foreign buying as sellers in rival producer Vietnam are still offering robusta at premiums of up to $130 to London futures, their highest in two years, dealers said.
Daily arrivals in the main growing island of Sumatra