Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 08, 2013 08:35:28

Excess coffee could be highest for 4 years

ColosseumGlobal coffee production in the season, which began last October, could exceed demand the most in the last four years. According to estimates of reserves will CoffeeNetwork coffee in that season by 6.9 million bags higher than consumption. While still in the previous season was at hand, deficit coffee market of half a million bags. For this surplus is mainly due to increased production from Latin America. Yesterday type of Arabica coffee on ICE Futures U.S. Exchange closed at the price of 150.40 cents per pound weight.

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