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Home arrow News arrow Liffe coffee falls more than 6 pct as stops hit
Liffe coffee falls more than 6 pct as stops hit
      LONDON, Oct 4 (Reuters) - Liffe robusta coffee futures fell more than 6 percent on Monday as a setback linked to weakness in other commodity markets gathered pace as stops were triggered and met a dearth of buying in London, dealers said.
   November robustas <LRCX0> fell $108 or 6.3 percent to a low of $1,617 a tonne.
   "New York has broken resistance and triggered some stops, in turn stops have been triggered in London. The problem is that there wasn't any buying below the market in London," one London-based broker said.
   "Roasters in London have got no inclination to buy. Roasters in New York are not as well covered," the broker added. (Reporting by Sarah McFarlane and Nigel Hunt; Editing by Sue Thomas) 
     
   
Monday, 04 October 2010 18:03:54RTRS
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