(Bloomberg) -- Coffee rose to a one-week high in
New York as shrinking inventories in the U.S. and Vietnam, the
world's second-largest producer, revived speculation that demand
will exceed output this year.
Stockpiles of raw, unroasted coffee in the U.S. fell by
92,242 bags, or 1.6 percent, to 5.68 million bags in May from
April, the first decline this year, the New York-based Green
Coffee Association said June 15. Tight supplies of robusta
coffee from Vietnam, the biggest producer of that variety, have
pushed futures traded in London to the highest since 1998.
Read more at Bloomberg Commodities News
New York as shrinking inventories in the U.S. and Vietnam, the
world's second-largest producer, revived speculation that demand
will exceed output this year.
Stockpiles of raw, unroasted coffee in the U.S. fell by
92,242 bags, or 1.6 percent, to 5.68 million bags in May from
April, the first decline this year, the New York-based Green
Coffee Association said June 15. Tight supplies of robusta
coffee from Vietnam, the biggest producer of that variety, have
pushed futures traded in London to the highest since 1998.
Read more at Bloomberg Commodities News
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