Robusta Coffee Futures Fall

Robusta Coffee Futures Fall in Tokyo: World's Biggest Mover

April 8 (Bloomberg) -- Robusta coffee futures in Tokyo fell 5.2 percent, the biggest fluctuation of any commodity market today, as speculators trimmed bets that prices would rise as coffee markets fell in London and New York.

Robusta for delivery in March 2006, the most actively traded contract, fell 630 yen per 100 kilograms to end trading at 11,420 yen ($1,051 per metric ton). It reached 12,720 yen on March 16, the highest since July 2000, on concern that dry weather may damage the crop in Vietnam, the world's largest supplier of the bitter-tasting variety used for canned and instant coffee.

More...