London's robusta coffee rose to a 10-day high on concern dry weather will damage this year's crop in Vietnam, dealers said. July slipped soon after opening to $981 a tonne but later touched $1,010, the top price since April 8. It was trading at $1,004 by 1114 GMT, up $13 on volume of 2,908 lots. The rainy season is expected to be two weeks late in Vietnam's parched Central Highlands coffee belt, damaging this year's crop and threatening the country's long-term producing potential.
"The Commitments of Traders report and the Green Coffee Association figures put a slight dampener on the market earlier but the other factor is talk of extended dry weather and delayed rainfall," a trader said.
Contract rolling increased total volume to 5,162 lots.
Front-month May gained $13 to $970 after moving 1,353 lots in a $950-980 price band.
The CFTC report published late on Friday revealed a lower-than-expected drop in speculators' holdings in New York, he said.
The speculative net long position in NYBOT's coffee "C" contract fell to 29,986 lots in the April 12 week from 35,619 as of April 5. The non-reportable net long position eased to 3,798 contracts from 4,292 in the previous week.
The Green Coffee Association (GCA) said Friday US warehouse coffee stocks for March rose by 305,552 60-kg bags to about 5.7 million bags, compared with 5.39 million in February.
Coffee exports from Colombia, Mexico, Central America, Peru and the Dominican Republic fell 7.9 percent in March to 2.427 million 60-kg bags, Guatemalan growers' group Anacafe said on Friday.
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