date:Aug 11, 2014
r, the survey shows. Thats lower than a forecast for 29.3 million bags (1.76 million tons) by the US Department of Agriculture.
Futures in London have climbed 17 per cent this year on speculation that consumption will outstrip supply in 2014-2015. The robusta shortfall will be 1.6 million bags, or 96,000 tons, according to Volcafe Ltd. Total coffee demand will exceed output by as much as 10 million bags, the International Coffee Organization said this month, based on research by others.
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