Robusta Extends Gains on Concern About Dry Weather in Vietnam

Robusta coffee climbed to the highest in almost two weeks in London, on concern that parts of top grower Vietnam are too dry and as exchange stockpiles continued to shrink.

Forecasts of an El Niño phenomenon are stoking concerns about potential dryness in Vietnam and areas of Indonesia in the coming months, said Carlos Mera, head of agricultural commodity market research at Rabobank.