Robusta Coffee Down Slightly in Europe - Market Talk

Liffe's March contract is down 1,4% at $1,672 a tonne. Prices formed a

recent peak mid-December after robust gains, but have slipped since, giving up the $1,700 mark.

"Short term indicators suggest potential for further declines to focus around the $1,624

level...while modest support holds near $1,600 area," says Sucden Financial senior research analyst

Myrto Sokou. A break higher would potentially target the $1,730 market, she adds. However, with

better physical movement of this commodity expected out of the gate in 2014, Sterling Smith at Citi

Futures and OTC Clearing expects the large Vietnamese harvest to pressure prices by keeping the

market well supplied.