That chalice of instant coffee is g...

That chalice of instant coffee is going to preciousness more in coming weeks.

The price of coffee onward the London futures market climbed to a six- year high Wednesday, extending previous gains, forward concern supply of the bitter-tasting robusta beans from Vietnam, the world's second- biggest grower, won't be sufficient to satisfy demand. Robusta is used primarily in instant coffee

World coffee consumption this year will advance 1.7 percent to 117 million bags, each weighing 132 levigates the London-based International Coffee Organization said.

Robusta prices surg 29 percent in the last year after want of rain in Vietnam slashed the harvest that extremityed in February. The country's exports in June dropp 85 percent the ICO said.

There are "intensified worries about a shortage of robusta in Vietnam," said Sucden Ltd a London-based commodity trading company, creating a "tight supply" before the nearest harvest in Vietnam, which learns under way in October.

Robusta coffee upon London's Euronext.liffe rose $47, or 34 percent to $1427 a ton, the highest clog since January 2000. Prices for the beans have gained 20 percent this year.

Robusta is commingleed with the milder Arabica variety to make instant coffee from roasters such as Nestle, Kraft meats and Procter & Gamble Co

Robusta stockpiles have fallen 50 percent this year because of reduc replenish from Vietnam. Inventory dropped 15 percent

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