Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 05, 2013 08:35:28

Coffee on the monthly minimum

ColosseumHigh inventory type Arabica coffee in warehouses in the U.S. were the main reason for yesterday's sales in this market. Inventories monitored by ICE Futures U.S. exchange as of 1 February amounted to 2.63 million bags. That is the most since March 2010. Also significantly increased in January Arabica exports from Honduras, by 56% compared to last January. It is worth mentioning that the prices of Arabica long-term decline. Over the past year cheaper type of Arabica coffee on ICE Futures U.S. exchange by 33%. In yesterday's trading session it was down 2.4% to 144.35 cents a pound weight.

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