date:Jun 08, 2015
January 2014 as the market awaited direction while top grower Brazil harvests.
July arabica coffee rose 1.4 cents, or 1 percent, to close at $1.357 per lb.
Robusta coffee futures steadied after a rally driven by arabicas this week that triggered offers of Vietnamese physical supplies after months of hoarding by local producers.
There were concerns that the El Nino weather phenomenon could lead to dryness in Vietnam, the worlds top robusta producer, potentially eroding the next crop, said Smith.