Robusta coffee fell to the lowest in more than two months in London as a record crop in Vietnam, the largest producer, may expand the global surplus. Cocoa fell. Vietnam will probably harvest 1.7 million metric tons (28.3 million bags) of coffee in the 2013-14 season that starts Oct. 1, up 17 percent from a year earlier, according to the median of nine trader and shipper estimates compiled by Bloomberg last month. Volcafe, a unit of commodities trader ED&F Man Holdings Ltd., forecast a 30 million-bag crop in 2013-14. Futures dropped 9.4 percent this year. “Coffee remains in chronic surplus and farmers are resorting to aggressive discounting to get rid of unwanted beans, so we are not that upbeat on the complex going forward,” INTL FCStone Inc. said in a monthly report e-mailed Sept. 7. “Vietnam is approaching a record crop.” Robusta for delivery in November fell 1.1 percent to $1,745 a ton by 10:35 a.m. on NYSE Liffe in London and earlier today dropped to $1,736 a ton, the lowest price for a most-active contract since June 28. Arabica for December delivery retreated 0.6 percent to $1.1715 a pound on ICE Futures U.S. in New York. Global coffee supplies will be 4 million to 6 million bags higher than demand in the 2013-14 season that starts in October in most countries, FCStone said. A weaker Brazilian real may also help increase supplies as the nation boosts exports, it said. Coffee output in Colombia, the second-biggest arabica producer, gained 26 percent in the past year to 9.6 million bags, the National Federation of Coffee Growers said. More Coffee “There are fears that a weakening real could prompt more aggressively-priced Brazilian coffee to hit the market,” FCStone said. “Another source of pressure is coming from Colombia, where exporters cut prices.” White sugar for October delivery gained 0.6 percent to $495.50 a ton on NYSE Liffe. Raw sugar for delivery in October rose 0.2 percent to 16.83 cents a pound on ICE, after rallying 2.8 percent last week. “The Brazilian producer selling that had previously pushed the market down has slowed as the real steadied,” Lausanne, Switzerland-based researcher Kingsman SA said in a report e-mailed today. The company is a unit of McGraw Hill Financial Inc.’s Platts. Source: bloomberg.com/news/2013-09-09/robusta-coffee-falls-to-2-month-low-on-vietnam-crop-cocoa-drops.html