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Robusta Coffee Gains to Eight-Month High on Vietnam Sales

Robusta coffee climbed to an eight-month high as sales in Vietnam slowed, sending local prices to the highest since October.

Sales of beans in Vietnam, the largest grower of robusta beans, slowed as farmers’ stockpiles became “thinner,” Volcafe, the coffee unit of commodities trader ED&F Man Holdings Ltd., said in a report e-mailed today. Vietnamese beans reached 42,000 dong ($2.02) a kilogram (2.2 pounds) yesterday, the highest price since Oct. 18, data from the Dak Lak Trade & Tourism Center show. The price eased to 41,800 dong today.