May 25, 2013

...AND CHEAPER...:

Cooling Coffee Prices Hit a 3½-Year Low (Leslie Josephs, 5/23/13, WSJ)

Coffee for July delivery on the ICE Futures U.S. exchange fell 2.8 cents, or 2.2%, to $1.2725 a pound on Friday, the lowest settlement for the most actively traded contract since Oct. 1, 2009. While prices have been falling for much of the year as global supplies have exceeded demand, the latest leg of the drop comes as farmers in Brazil are harvesting new coffee beans even as they haven't finished selling last season's supplies.

Posted by at May 25, 2013 7:45 AM
  

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