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.
