Coffee Futures Fall as EU Move Puts Inventories in Focus.

Coffee futures for both arabica and robusta varieties have fallen in New York and London as traders keep an eye on inventories in Europe. The European Union's decision to postpone a law aimed at curbing deforestation has created uncertainty around certified coffee stockpiles held in European warehouses. However, the delay is not expected to offset the current tightness in global coffee supplies, with potential supply deficits due to dryness in Brazil and Vietnam. Commodity trading advisers are now liquidating positions in the cocoa and coffee markets. [Extracted from the article]