LONDON, July 15 (Reuters): Robusta coffee futures on ICE rose on Monday, edging towards last week's record high as a drop in shipments from top robusta producer Vietnam keeps supplies tight.
September robusta coffee rose 0.3 per cent to $4,631 a metric ton by 1056 GMT. The market set a record high of $4,681 last week.
Dealers said concerns about dry weather in Brazil had also helped to fuel the recent run-up in prices.
"Slow exports from Vietnam ... and below-average rainfall in the Brazilian state of Minas Gerais in June have underpinned bullish sentiment," BMI said in a note.
September arabica coffee KCc2 fell 0.7 per cent to $2.4690 per lb, slipping further from last week's 2-1/2 year high of $2.5530.
Speculators raised their bullish bets in arabica coffee futures on ICE U.S. in the week to July 9, the Commodity Futures Trading Commission said on Friday.
COCOA
September London cocoa fell 2.2 per cent to 6,679 a ton.
Dealers said that second-quarter grind data due from North America and Asia in the next few days should provide an indication on the extent to which high prices have curtailed demand.
Supplies remained tight after poor crops in both Ivory Coast and Ghana.
Main-crop cocoa arrivals at ports in top grower Ivory Coast since the start of the season on Oct. 1 had reached 1.630 million tons by July 14, down 27.4 per cent from the same period last season, exporters estimated on Monday.
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