London robusta coffee futures settled marginally weaker on Thursday after a session of extremely quiet range-bound trade by mainly local investors and small funds, dealers said.
"There are some small speculators out there but it's been pretty lacklustre," a floor source said.
Second-month November lost $3 to end at $674 a tonne following turnover of a meagre 647 lots within a $672-680 range.
Total turnover was 2,009 lots.
The market shrugged off a rally on the arabica coffee market in New York, where most-active December hit a seven-week peak.
Fundamentally, there is little news to drive London prices as harvesting in top robusta producer Vietnam doesn't start till mid-October. Ample stocks are expected to compensate for any possible shortfall in global robusta supplies for both 2003/04 and 2004/05.