Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 29, 2012 08:35:28

Coffee strengthened the most in almost four months

ColosseumFutures contracts on the type of Arabica coffee yesterday recorded the strongest growth in the last 11 weeks after Rabobank International has published an analysis, according to which in the next season will not be enough supply to meet global demand for coffee. According to the analysis mentioned in the marketing season beginning in October 2013 the harvest in Brazil to enter the second half of the two-year cycle, which is generally lower yields of crop Arabica. Also worth mentioning is the fact that at 20 November speculators holding the largest volume of short positions in Arabic since 2006. The March Arabica coffee type stock yesterday closed at ICE Futures U.S. by 3.8% higher at 154.85 cents per pound of weight.

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