Wednesday, May 9, 2007

Robusta Coffee Climbs to Three-Month High as Stockpiles in Vietnam Decline

(Bloomberg) -- Robusta coffee in London jumped to a three-month high as stockpiles in Vietnam, the world's biggest producer of the beans, dwindled and prices for the commodity in the Asian country rose to a record.

``Vietnamese prices have hit a record 24,700 dong ($1.54) per kilogram,'' Elizabeth Miller, head of research at RedTower Ltd. in Aberdeen, U.K., said in a report. ``Stocks have nearly run out.''


Read more at Bloomberg Commodities News

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