date:Aug 11, 2014
armers are sold out already because of high prices, said Le Tien Hung, general director of 2 September Import-Export Co., the second-largest exporter by volume. Leftover stocks are mainly held by local buying agents.
Futures settled at $1,968 a ton on NYSE Liffe yesterday, which was 5.4 per cent above a three-month low on 10 June. Prices advanced 4.4 per cent in July, rising for a second straight month, after an 11 per cent slump in May. Arabica, the variety favored by Starbucks Corp., has incr