date:Jul 08, 2014
ockpiles and are not willing to sell will probably drive prices higher.
Prices Rally
Farmers had 252,000 tons of unsold reserves at the end of June from 263,000 tons a year earlier when the crop was 1.5 million tons, according to the survey. Stockpiles fell as growers boosted sales in June, when robusta prices rallied 4.1 per cent in London after an 11 per cent slump the previous month.
Robusta traded at $2,065 a ton on NYSE Liffe today, rising 11 percent from a three-month low on June 10. Ar