Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 07, 2013 08:35:28

Coffee Arabica lowest in 2 years

ColosseumFutures on the type of Arabica coffee have reached a two-year low expectations, dragged down by massive crop from Brazil, which is the biggest producer and exporter. In the marketing year beginning 1 October is a global Arabica crop is estimated at 144.5 million bags. That would be 7.3% more than the year before. It Brazil could produce 50.2 million bags. And all this despite the fact that coffee trees in Brazil will now go to the less productive half of its two-year cycle. Also noteworthy is the fact that in Colombia in January produced 64% more coffee compared to the same period in the previous year. The March Arabica coffee yesterday on ICE Futures U.S. cheapened by 1.4% to 142.10 cents a pound weight.

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