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Robusta coffee falls to two-month low

Robusta coffee futures on ICE slid to a two-month low on Monday, pressured by ample
* March arabica coffee settled up 1.05 cents, or 1
percent, at $1.0515 per lb after rebounding off support around
Friday's 2-1/2-month low at $1.0385.
* March robusta coffee settled down $6, or 0.4
percent, at $1,548 per tonne after touching $1,538 a tonne, its
lowest level since early October.
* Dealers said the harvesting of a large crop in top robusta
producer Vietnam weighed on prices.
* "I guess we're just dealing with oversupplied markets.
When you come down to it, there's nothing on the board that has
any real true constructive fundamentals," a U.S. trader said.
* The International Coffee Organization maintained its
forecast for a global coffee surplus of 1.59 million 60-kg bags
in the 2017/18 season.
Also read  Brazil likely to produce another large coffee crop in 2019

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