Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 15, 2012 10:08:33

Favourable weather in Brazil is pushing down the price of coffee



ColosseumThe six-week lows during Tuesday's trading on the ICE Futures exchange fell Arabica coffee price. Ideal weather permits prompt harvest and increase the supply of this commodity on world markets. Plays a role also lower seasonal demand. In total, this year in Brazil may harvest 56 million sacks of coffee, according to data of the International Coffee Organization, more than 12 million bales more than last year. Farmers to help even more productive year cycle of coffee trees. Most actively traded contract of December Arabica lost 0.6 percent yesterday and closed trading on ICE Futures to 166 cents per pound. Price went down to the sixth session in a row. The daily minimum was at 165.35 cents, the lowest price achieved on 29 June. Since the beginning of the price of coffee has fallen by 27 percent. and # 160;

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