Rabobank has revised higher ICE robusta coffee average price view for Jul-Sep to $2,060 per tn from $1,980 forecast in June. Early indications from the harvest suggest the excellent yields (from cherry to green bean) seen last year are unlikely to be repeated. Additionally, CONAB’s coffee-stock survey showed a decline of 3.6 mln bags (1 bag = 60 kg) in private stocks held at warehouses in the year to March 2017. This is also seen supporting upside in coffee prices. A weak dollar against the Brazillian real further supported coffee prices. The agency is also bullish on cocoa in its forecasts due to higher grinding margins, resulting from increased demand for cocoa-mixed products.