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Robusta coffee prices set a new two-month low

Robusta coffee prices set a new two-month low as worries about plentiful supplies persisted.

* March robusta coffee was down $1, or 0.06 percent, at $1,562 a tonne after earlier touching $1,556 a tonne, its lowest since early October.

* The focus remained on top grower Vietnam, which is in the midst of harvesting a massive crop.

* March arabica coffee rose 0.45 cent, or 0.4 percent, to $1.0640 per lb, consolidating after touching its lowest in more than two months on Thursday.

* Both arabica and robusta have been under pressure from speculative selling in recent sessions, partly inspired by expectation of ample supplies going forward.

* “All the signs point to a very high Brazilian coffee crop next year, too,” Commerzbank said in an update, noting Brazil could see record output for a low-yield year in the two-year crop cycle.

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