Indonesia Coffee Sales Accelerate on London Prices, Brokers Say
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Coffee sales for the new crop in Indonesia, the world’s third-largest producer of robusta beans, accelerated in response to London prices, European coffee brokers said.
Robusta coffee prices have climbed 25 percent on NYSE Liffe in London this year. Beans for May delivery gained 0.2 percent to $2,620 a metric ton at 2:35 p.m. local time, after earlier today reaching a three-year high of $2,672.