date:Feb 17, 2014
ming market, Verghese said, referring to the arabica market.
Benchmark New York arabica futures rallied to 9-month peak in early February on concerns over drought in Brazil, up from a more than four-year low hit in November when oversupply concerns weighed on prices.
Arabicas often influence the price of London robustas and typically trade at a premium to the hardier and more caffeine-rich beans, which are widely used in instant coffee. Vietnam is the top robusta producer.
London robusta futu