Robusta falls.(Commodity Report)

AS WITH COCOA, robusta coffee futures saw multi-year highs in recent weeks, with the benchmark second position contract (May) reaching a 12-and-a-half year high on LIFFE on 5 March. Strong buying by investment funds and speculators were the main driver of the latest upward surge, which took the May contract to US$2,815 a tonne at one point on 5th, the highest level for the second month since July 1995.

However, by 18 March, second position robusta had lost over US$371 a tonne. May closed at US$2,444 a tonne.

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