date:May 26, 2016
ing this season.
Dryness fears overstated
The bank sounded a somewhat bearish note on coffee futures too, sticking with estimates for robusta futures of $1,600 a tonne from the July-to-September quarter onwards which are well below London prices.
Investors are betting on a price of nearly $1,700 a tonne in a years time.
However, Rabobank disputed talk of dry weather damage to robusta crops, forecasting a fairly good harvest of 27m bags (plus 1m bags of arabica beans) in top producer Vietnam.