From Agrimoney:
Arabica coffee is "the most undervalued" member of the soft commodities complex, Rabobank said, forecasting a decline in prices of robusta coffee, and downgrading forecasts for cocoa, cotton and sugar futures.The bank raised its hopes for robusta coffee, the type traded in London, noting the tighter-than-expected supplies of the bean which lifted futures- briefly – to an eight-month high of $2,190 a tonne on Monday.However, even the raised price outlook foresees a slight decline in robusta values ahead.Robusta supplies from exporters other than Vietnam, the top grower, shows shipments are tailing off, "will limit prices to the upside", Rabobank said....MORE
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