date:Apr 24, 2014
ikely to be seen as a result, said Hackett in Boynton Beach, Florida.
The arabica premium to robusta, used in instant coffee, surged 13% to $1.1561 a pound, the highest since Feb. 21, 2012, according to data compiled by Bloomberg. Robusta, mostly grown in Asia, advanced 0.9% to $2,156 a metric ton on NYSE Liffe in London yesterday and traded at $2,190 today.