(Bloomberg) -- Robusta coffee rose to an eight-year
high in London as declining stockpiles in Vietnam, the world's
biggest grower of the beans, reinforced expectations that global
supplies may fall short of demand this year.
Vietnamese stockpiles are ``very small, only about 100,000
tons nationally,'' Doan Trieu Nhan, Vice-Chairman of the Vietnam
Coffee and Cocoa Association, said in an interview May 16. That's
equal to about a 10th of the annual crop.
Read more at Bloomberg Commodities News
high in London as declining stockpiles in Vietnam, the world's
biggest grower of the beans, reinforced expectations that global
supplies may fall short of demand this year.
Vietnamese stockpiles are ``very small, only about 100,000
tons nationally,'' Doan Trieu Nhan, Vice-Chairman of the Vietnam
Coffee and Cocoa Association, said in an interview May 16. That's
equal to about a 10th of the annual crop.
Read more at Bloomberg Commodities News
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