Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 27, 2012 09:06:28

Coffee fell to a two year low

ColosseumArabica fell the lowest in more than two years due to the ever-growing supplies of this commodity. Type of Arabica coffee supplies in warehouses monitored by ICE Futures U.S. exchange were at 23 November at 2.484 million bags. It is for this year is 62% increase in inventory. Only exports of coffee from nine Latin American countries in October this year rose to 1.77 million bags from 1.49 million last year. Just for completion, one bag of coffee weighs about 60 kg. This year saw record harvests in Brazil and equally good in the countries of Central America. The March Arabica yesterday declined by 1.3% to 148.90 cents a pound weight.

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