date:Feb 17, 2014
fee prices but neutral on robusta prices.
We are neutral on robusta prices largely on account of the fact that there's a very large crop in Vietnam -- almost 28 million bags, which is our estimate, Verghese told reporters.
Unusually dry weather in top producer Brazil, which mainly supplies arabica beans, could cut output in the next crop to an estimated 50 to 51 million bags from 57 to 60 million, he added.
Structurally, we believe that the demand/supply fundamentals is now in favour of a fir