date:Aug 08, 2014
his week, foreign trading houses were put off by the high prices, with the Sumatran grade 4, 80 defect robusta beans quoted at premiums of $20 to $30 to futures.
November robusta coffee futures on Liffe fell $11 to end at $1,996 per tonne on Wednesday.
The harvest in Indonesia, the world's third-largest coffee producer after Brazil and Vietnam, peaked in June. Flowering is expected to start again in August or September.
A Reuters poll in June showed Indonesia's coffee output is likely to plun