But if you look past this news, and read the additional information in the above linked article, you see that a momentary scare is all it is. The future looks like the coffee prices will decrease over the next 12 months with production in the major South American countries on the increase due to both weather and financial drivers.
Tuesday, September 13, 2011
Coffee the biggest gainer in the Standard and Poors
Coffee was actually the biggest gainer in the Stan...: Last month Arabica futures rallied 20 percent on the news that frost in the Brazilian growing areas would negatively affect next year’s crop. Coffee was actually the biggest gainer in the Standard and Poors GSCI Index, and the GSCI was down 1.7 percent! Arabica Coffee had more than doubled in price since June of 2010. Rain had cut the output from Colombia, the second largest producer. And according to the U.S.D.A; Coffee stockpiles in Brazil were at their third lowest level in fifty years.
But if you look past this news, and read the additional information in the above linked article, you see that a momentary scare is all it is. The future looks like the coffee prices will decrease over the next 12 months with production in the major South American countries on the increase due to both weather and financial drivers.
But if you look past this news, and read the additional information in the above linked article, you see that a momentary scare is all it is. The future looks like the coffee prices will decrease over the next 12 months with production in the major South American countries on the increase due to both weather and financial drivers.
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