London robusta coffee futures ended firmer on Monday but below an earlier three-month peak with origin selling and weakness in New York's arabica market helping to pare gains, dealers said. "Origins are there selling scale-up," one dealer said, adding the setback in New York also sparked profit-taking after the sharp run-up on Friday and early Monday.
Benchmark July ended $9 up at $1,623 a tonne after setting a contract peak of $1,643, the highest for the second position for three months. Dealers said next key resistance was at $1,663, an eight-year high for the second month set on January 31.
July bounced from a low of $1,555 on Wednesday last week, with the rise gathering momentum on Friday and early on Monday. Speculative and industry buying, sparked partly by supply tightness in robustas, helped to fuel the advance.
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