Robusta coffee may extend gains after climbing to highest price in a week

Robusta coffee prices may extend gains from a one-week high during a lull in supplies before the next harvest in Vietnam, the largest grower of the beans.

Robusta coffee prices may extend gains from a one-week high during a lull in supplies before the next harvest in Vietnam, the largest grower of the beans.

Vietnam’s harvest usually starts in November and Indonesia’s crop was delayed because of rain, according to Andrea Thompson, an analyst at CoffeeNetwork in Belfast, Northern Ireland. Prices rose 2.4 % yesterday, the second consecutive gain.

“It made a very encouraging close yesterday,” Thompson said.

Robusta coffee for November delivery climbed $38 to $1,629 a metric ton on NYSE Liffe yesterday, the highest closing price since Sept. 3. Trading starts at 9 a.m. London time.- Bloomberg

Tags: Robusta coffee, Vietnam Coffee, Vietnam coffee prices

Posted by VBN on Sep 18 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry