Robusta Coffee Near Seven-Month Low on Brazil Harvest Hopes

Robusta coffee steadied after falling to a seven-month low on expectations of record Brazilian output of high-end arabica beans, which could ease demand for the cheaper variety.

The most-active contract ticked up after earlier sliding 1.2% to $3,415 a ton, the lowest since Aug. 8. Futures are down about 12% this year amid strong shipments from top grower Vietnam.