Coffee

Robusta coffee prices closed higher on shortage

London robusta coffee futures on ICE closed higher on Monday on tight supplies.

New York-based cocoa, raw sugar and arabica coffee markets were closed on Monday for a U.S. public holiday.

May robusta coffee LRCc2 finished 0.9% higher at $2,117 a tonne after touching a four-month high of $2,124.

The market has been supported primarily by the recent rise in arabica coffee prices on concerns that adverse weather has diminished production prospects in Brazil and Colombia.

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