(Bloomberg) -- Robusta coffee futures soared in
London to the highest since 1998 as a supply squeeze in the
market worsened after buyers rejected shipments from Vietnam on
the grounds of inadequate quality.
Robusta has jumped 16 percent in the past month on dwindling
supplies from Vietnam, the world's biggest producer, and delays
in Indonesia's crop, according to research company RedTower Ltd.
in Aberdeen, Scotland. A growing number of exports from Vietnam
have been rejected at the ports of Antwerp in Belgium and in
London, according to Nestor Osorio, the head of the International
Coffee Organization.
Read more at Bloomberg Commodities News
London to the highest since 1998 as a supply squeeze in the
market worsened after buyers rejected shipments from Vietnam on
the grounds of inadequate quality.
Robusta has jumped 16 percent in the past month on dwindling
supplies from Vietnam, the world's biggest producer, and delays
in Indonesia's crop, according to research company RedTower Ltd.
in Aberdeen, Scotland. A growing number of exports from Vietnam
have been rejected at the ports of Antwerp in Belgium and in
London, according to Nestor Osorio, the head of the International
Coffee Organization.
Read more at Bloomberg Commodities News
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