Robusta Coffee Rallies Most Since June 2011 as Stockpiles Slump
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Robusta coffee, used in espresso, surged the most in 29 months as inventories declined and exports fell from Vietnam, the world’s top grower of the beans.
Stockpiles tracked by NYSE Liffe tumbled 57 percent this year and were at the lowest since at least 2002 as of Nov. 25, exchange data show. Coffee exports from Vietnam slid 34 percent to 80,000 metric tons last month from an estimated 122,000 tons a year earlier, according to data from the nation’s statistics office.