Tuesday, August 30, 2011

Coffee Rises as Europe’s Stockpiles May Decline

Coffee rose in London on speculation European stockpiles will fall with supplies limited in Vietnam, the world’s largest producer of robusta beans. Sugar fell.
Robusta coffee inventories with valid grading certificates were 398,090 metric tons as of Aug. 22, down 1.6 percent from two weeks earlier, a third consecutive fall, NYSE Liffe figures on Aug. 25 showed. Arabica coffee prices in New York jumped 1.9 percent yesterday while the London market was closed.