Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 21, 2013 09:06:28

Peru's coffee crop may reach record

ColosseumAccording to recent information, this year's crop of Arabica type of coffee in Peru could reach the highest level in history. Peru is the third largest country Arabica cultivation in the world. The reasons are 2 - growing land area used for growing coffee plants and also favorable weather. So far, the biggest harvest in 2011, when the yield reached 5.52 million bags. For reference, one bag weighs 60 kg. Since the price of Arabica steadily decreasing, and some countries in Central America reduce their production. Peruvian farmers believe that this drop in production would in turn could increase interest in their crops. The May Arabica yesterday on ICE Futures U.S. ended on the price of 141.65 cents per pound weight.

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