Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 15, 2013 14:16:28

The high bid is pushing down the price of coffee

ColosseumJúlová contract coffee today at Intercontinental Exchange weakens a percent to $ 1.36 per pound, which is almost at one month minimum. Commodity is below the sales pressure because of record-high crop in Brazil, which is its largest producer in the world. Stocks on ICE have increased since the beginning of the year by 7.2 percent to 2.76 million bags. Harvesting a new crop will begin in July.

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