Two things can significantly move coffee prices — freeze or drought — and we are now in the throes of a full-blown weather market. Dry conditions in Brazil are adversely affecting the coffee crop, a critical time when the cherries are budding. Rainfall in Minas Gerais, Brazil’s top-producing state, was 60 percent below normal in January.
Coffee prices jump from seven-year low
In this weekly Commodities Watch column, John T. Barone, president and commodities analyst for Market Vision Inc., offers a snapshot of the state of commodities for restaurants.