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SOFTS-Robusta coffee falls after surging, raw sugar consolidates
By: Marcy Nicholson and Nigel Hunt
NEW YORK/ LONDON, Feb 4- Robusta coffee futures on Liffe turned lower after surging to the highest level in more than three months on Monday as buying on supply concerns dried up, while raw sugar on ICE consolidated after reaching a three-week high.
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Changes linked to global warming have contributed to a shortage of the beans used in specialty coffees, the New York Times reports.
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For the first time in its public discussions of single-serve, Starbucks specifically mentioned Green Mountain by name in an internal memo today.
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As Starbucks gets closer to announcing a single-serve coffee, investors are trying to figure out which company Starbucks will partner with.