date:Feb 10, 2014
leap since Arabica hit a seven-year low point in November when the price was 100.95 cents.
The price of Robusta, considered to be a poorer quality than Arabica, rose to the highest level for six months at $1,905 a tonne in London. The price rally has been driven by one of the hottest and driest summers in living memory in Brazil, where some parts of the country have experienced the lowest rainfall since the 1940s, Edward George, head of soft commodities research at Ecobank in London, told AFP