Robusta experiences big month on futures exchange

Vietnamese robusta coffee had a big month on the London International Financial Futures and Options Exchange (LIFFE) in May, with most stocks managing to meet quality specifications.

LIFFE’s statistics show that 7,853 lots (equivalent to 78,530 tonnes), or 97 percent of the more than 8,050 lots of Vietnamese robusta coffee submitted for inspection last month, met the futures market’s specifications.

They also accounted for 73 percent of all robusta coffee from around the world.

In the period from October 2010 to May 2011, Vietnam exported 1.1 million tonnes of robusta, which is used mainly for blending, to become the biggest producer and exporter of this type of coffee.

Vietnam also exports around 25,000 tonnes of arabica coffee, which defines the aroma and taste of the beverage. – VOV

Tags: Vietnam Robusta

Posted by VBN on Jun 4 2011. 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