date:Jul 08, 2014
ent to 1.65 million metric tons in the year starting October from a record 1.72 million tons a year earlier, the survey showed. Thats little changed from 1.64 million tons estimated by traders and analysts last month.
Shrinking stockpiles and a smaller crop in Vietnam may bolster futures in London which have climbed 22 per cent this year on speculation demand will outstrip supply. The shortfall is estimated at 1.6 million bags, or 96,000 tons, by Volcafe Ltd. in the 12 months starting October.