date:Jul 08, 2014
rought in Brazil, which is the worlds biggest arabica grower, and smaller crops in Vietnam and in Indonesia.
Weather Threat
The increase in arabica has widened its premium over cheaper robusta beans to about 78 cents a pound on July 3 from a five-year low of 27.9 cents in December. Thats encouraging more roasters to buy robusta, Kona Haque, head of commodities research at EDF Man in London, said on July 3.
With El Nino scheduled to arrive in September, we foresee further downward production r